Question: 6 Analyzing and Interpreting Footnote on Operating and Capital Leases Verizon Communications Inc. provides the following footnote relating to adoption of the new lease accounting

6Analyzing and Interpreting Footnote on Operating and Capital Leases
Verizon Communications Inc. provides the following footnote relating to adoption of the new lease accounting standards (Topic 842) in its 10-Q report for the quarter ended March 31,2019.
The cumulative after-tax effect of the changes made to our condensed consolidated balance sheet for the adoption of Topic 842 were as follows:
rent is being paid.
What is the amount of the right-of-use asset the company added to its balance sheet upon adoption of the new standard?
$ million
Assume the right-of-use assets had a weighted average lease term of 12 years. Approximate the effect the operating leases had on Verizon's income statement in Q12019.
Round to the nearest million.
The rental expense in Q1 would be $ million
What is the amount of the total operating lease liabilities the company added to its balance sheet upon adoption of the new standard?
million
 6Analyzing and Interpreting Footnote on Operating and Capital Leases Verizon Communications

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