The financial statements of M S are presented in Appendix 5B or can be accessed at the books companion website, www wiley com Instructions Refer to M Ss financial statements and the accompanying notes to answer the following questions (a) What types of leases are used by M S (b) What amount of fina...

a MS uses both finance leases and operating leases b MS reported finance leases of 835 ...

The financial statements of M&S are presented in Appendix 5B or can be accessed at the books

Question:

The of M&S are presented in Appendix 5B or can be accessed at the book’s companion website, www.wiley.com

Instructions
Refer to M&S’s and the accompanying notes to answer the following questions.
(a) What types of leases are used by M&S?
(b) What amount of finance leases was reported by M&S in total and for less than one year?
(c) What minimum annual rental commitments under all non-cancelable leases at March 29, 2008, did M&S disclose?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...