Question

During fiscal 2012, the SUPERVALU grocery chain paid approximately $270 million on its lease contracts—$150 million on capital leases and $120 million on operating leases.
a. How did the operating lease payments affect the income statement, balance sheet, and statement of cash flows?
b. How did the capital lease payments affect the income statement, balance sheet, and statement of cash flows?
c. Discuss whether SUPERVALU is practicing off-balance-sheet financing.



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  • CreatedAugust 19, 2014
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