Refer to Netflix, Inc. respond to the following questions:

Review Netflix annual report for potential disclosures relating to contingent liabilities and contingent assets.

What do these disclosures suggest about the Netflix's potential risk? Support your response with facts from the Netflix's financial statements and annual report.

Look at the annual report notes to the financial statements and describe how Netflix handling of lease transactions.

Does Netflix have significant off-balance-sheet assets and liabilities?

Would recording these assets and liabilities on the balance sheet change your view of the financial condition of Netflix?

http://files.shareholder.com/downloads/NFLX/5087791339x0x938338/FB0485BA-48EF-4457-ABED-CF26A5B21523/10K_Final.PDF