Locate the 2004 financial statements for The Walt Disney Company on the Internet. In Note 4 to

Question:

Locate the 2004 for The Walt Disney Company on the Internet. In Note 4 to the Disney briefly outlines a rather complicated lease it arranged in regard to the Disneyland Paris theme park assets of Euro Disney. To summarize:
• The theme park assets are owned by an unnamed financing company.
• A wholly owned subsidiary of Disney, called Disney SCA, has leased the theme park assets from the owner under a 12-year, noncancelable lease.
• Euro Disney has subleased the theme park assets from Disney SCA.
1. With this leasing and subleasing, who will actually use the theme park assets?
2. Regarding the lease agreement between the owner of the assets and Disney SCA, does it appear that the lease includes a bargain purchase option?
3. Why do you think Euro Disney just didn’t lease the theme park assets directly from the owner?

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...