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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? 2014 $1,000
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?
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
Amt representing interest (10,081)
Net present value of leases $12,419
a) $22,500
b) $12,419
c) $373,713
d) $10,081
e) none of the above
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