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E5.12 In Note 11, of its 2018 financial statements, Chipotle (CMG) reported the following future operat- ing lease information: Contractually required future minimum cash
E5.12 In Note 11, of its 2018 financial statements, Chipotle (CMG) reported the following future operat- ing lease information: Contractually required future minimum cash lease payments under existing operating leases as of December 31, 2018, are as follows: 2019.. 2020 2021 2022 2023 Thereafter.. Total minimum lease payments $ 294,191 296,579 294,941 295,290 290,980 2,478,397 $3,950,378 a. Assuming a discount rate of 5 percent, estimate the unrecognized asset and liability for b. assets acquired under operating leases for CMG at December 31, 2018. Given the estimated unrecognized liability calculated in part a., what impact does including this amount have on the liabilities of CMG reported on the balance sheet?
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