IV. Leases (Ikea or Walmart)

A. What are the differences between operating and capital leases?

B. Describe the particular leases of (Ikea or Walmart) based on the liability section of your companys balance sheet. The balance sheet could be found on the website of Ikea or walmart....please look before saying more info ;)

C. What impact have the leases had on the companys financial statements for the most recent year?

D. Discuss the advantages and disadvantages of leasing a building versus purchasing one.