Question
Question 5 An annual report of Crestwood Industries states, The company and its subsidiaries have long-term leases expiring on various dates after December 31, 2017.
Question 5
An annual report of Crestwood Industries states, The company and its subsidiaries have long-term leases expiring on various dates after December 31, 2017. Amounts payable under such commitments, without reduction for related rental income, are expected to average approximately $5,711,000 annually for the next 3 years. Related rental income from certain subleases to others is estimated to average $3,094,000 annually for the next 3 years. What information is provided by this note?
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve
9th Edition
0324381921, 978-0324381924
