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E5.6. In Footnote 7 of the 2014 financial statements, Chipotle (CMG) shows the following future operating lease information: Future minimum lease payments required under existing
E5.6. In Footnote 7 of the 2014 financial statements, Chipotle (CMG) shows the following future operating lease information: Future minimum lease payments required under existing operating leases as of December 31, 2014 are as follows: 208,326 209,012 211,754 211,833 2018 Total minimum lease payments . . .. .. . .. . ....$3,044,197 a. Assuming a discount rate of 5 percent, estimate the unrecognized asset and liability for assets acquired under operating b. Given the estimated unrecognized liability calculated in part a., what impact does including this amount have on the leases for CMG at December 31, 2014 liabilities of CMG reported on the balance sheet
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