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1. Cabelas Corp. disclosed the following lease information in its 2013 10-K (in millions). What lease liability does Cabelas report on its balance sheet? Capital
1. Cabelas Corp. disclosed the following lease information in its 2013 10-K (in millions). What lease liability does Cabelas report on its balance sheet?
| Capital Leases | Operating Leases |
2014 | $ 1,000 | $ 16,035 |
2015 | 1,000 | 20,956 |
2016 | 1,000 | 20,489 |
2017 | 1,000 | 20,098 |
2018 | 1,000 | 26,516 |
Thereafter | 17,500 | 269,619 |
Total | 22,500 | $373,713 |
Amount representing interest | (10,081) |
|
Net present value of leases | $ 12,419 |
|
a. $22,500
b. $12,419
c. $373,713
d. $10,081
None of the above
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