Question: help please Cabela's Corp disclosed the following minimum rental commitments under non-cancelable operating leases in its 2015 annual report (in millions). Operating Leases 2016 $24,424

Cabela's Corp disclosed the following minimum rental commitments under non-cancelable operating leases in its 2015 annual report (in millions). Operating Leases 2016 $24,424 2017 25,245 2018 25,065 2019 24,682 2020 24,087 Thereafter, $292,668 Total $416,171 What is the approximate present value of the minimum lease payments? Assume a discount rate of 6.0% and round the remaining lease term to the nearest whole year. PICK THE CLOSEST ANSWER (THIS WOULD BE CONSIDERED DEBT AT THE MAJOR RATING AGENCIES) $245,007 million O $233,357 million $15,113 million O None of the answers $373,713 million Under the pre-2019 accounting standards, how are operating leases reported in the lessee's balance sheet? O As either a short-term or long-term liability, depending on the length of the lease O At the future value of the future minimum lease payments. O. Operating leases are not disclosed in the lessee's balance sheet or annual report O As an asset that is depreciated, similar to the company's other assets. O At the present value of the future minimum lease payments
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