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Cabela's Corp. disclosed the following lease information in its 2013 10-K (in millions). What lease liability does Cabela's report on its balance sheet? CapitalLeases Operating
Cabela's Corp. disclosed the following lease information in its 2013 10-K (in millions). What lease liability does Cabela's report on its balance sheet?
Select one:A. $ 22,500 B. $ 12,419 C. $373,713 D. $ 10,081
CapitalLeases | 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 | ||
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