What are the two kinds of accounting leases that southwest reports on its balance sheet?

File Edit Tools Window Help ew View Go chegg.com ACCT 313 Fall 2019 Writing Assignment # 2 (dragged) 2.pdf (1 page) Q Search Item 1. Financial Statements Southwest Airlines Co. Condensed Consolidated Balance Sheet (in millions) (unaudited) March 31, 2019 December 31, 2018 ASSETS Current assets: Cash and cash equivalents Short-term investments Accounts and other receivables Inventories of parts and supplies, at cost Prepaid expenses and other current assets Total current assets 2,344 1,854 1,517 1,835 784 568 484 461 354 310 A5,483 5,028 Property and equipment, at cost: Flight equipment Ground property and equipment Deposits on flight equipment purchase contracts Assets constructed for others 21,666 21,753 5,082 4,960 780 775 120 1,768 29,256 9,731 19,525 27,648 Less allowance for depreciation and amortization 9.875 17,773 Goodwill 970 970 30perating lease right-of-use assets 1,508 Other assets 725 720 26,459S 26,243 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued liabilities S 1,412 S 1,416 1,749 1,350 Current operating lease liabilities Air traffic liability 361 5,029 Current maturities of long-term debt Total current-liabilities 4,134 571 606 8,723 7,905 Long-term debt less current maturitics Air traffic liability - noncurrent Deferred income taxes Construction obligation Noncurrent operating lease liabilities Other noncumrent liabilities 2,602 2,771 985 936 2,480 2,427 1,701 120 150 Stockholders' equity: 608 650 Common stock 808 Capital in excess of par value Retained earnings Accumulated other comprehensive income Treasury stock, at cost Total stockholders' equity 808 1,513 1,510 16,320 15,967 96 20 (8,946) 9,791 26,459 S (8,452) 9,853 Sce accompanying notes. 26,243 File Edit Tools Window Help ew View Go chegg.com ACCT 313 Fall 2019 Writing Assignment # 2 (dragged) 2.pdf (1 page) Q Search Item 1. Financial Statements Southwest Airlines Co. Condensed Consolidated Balance Sheet (in millions) (unaudited) March 31, 2019 December 31, 2018 ASSETS Current assets: Cash and cash equivalents Short-term investments Accounts and other receivables Inventories of parts and supplies, at cost Prepaid expenses and other current assets Total current assets 2,344 1,854 1,517 1,835 784 568 484 461 354 310 A5,483 5,028 Property and equipment, at cost: Flight equipment Ground property and equipment Deposits on flight equipment purchase contracts Assets constructed for others 21,666 21,753 5,082 4,960 780 775 120 1,768 29,256 9,731 19,525 27,648 Less allowance for depreciation and amortization 9.875 17,773 Goodwill 970 970 30perating lease right-of-use assets 1,508 Other assets 725 720 26,459S 26,243 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued liabilities S 1,412 S 1,416 1,749 1,350 Current operating lease liabilities Air traffic liability 361 5,029 Current maturities of long-term debt Total current-liabilities 4,134 571 606 8,723 7,905 Long-term debt less current maturitics Air traffic liability - noncurrent Deferred income taxes Construction obligation Noncurrent operating lease liabilities Other noncumrent liabilities 2,602 2,771 985 936 2,480 2,427 1,701 120 150 Stockholders' equity: 608 650 Common stock 808 Capital in excess of par value Retained earnings Accumulated other comprehensive income Treasury stock, at cost Total stockholders' equity 808 1,513 1,510 16,320 15,967 96 20 (8,946) 9,791 26,459 S (8,452) 9,853 Sce accompanying notes. 26,243