The principles regarding leases were recently updated by FASB as discussed in the textbook. UsingWalmart, locate the lease disclosures in the notes to the financial statements. Identify the types of leases Walmart has and explain how you can tell which types of leases are used. Participate in follow-up discussion by comparing the lease reporting of Home Depot to that of Walmart and comment on any similarities or differences between the companies.

Answer rating: 100% (QA)

The notes to Walmarts financial statements include disclosures for both operating and finance leases Operating leases are leases for which the lessee ... View the full answer