V.Leases

1. What are the differences betweenoperating and capitalleases?
2. Describe theparticularleases of Sears based on the liability section of SEARs balance sheet.
3. What impact have the leases had on SEARSfinancial statements for the most recent year?
4. Discuss the advantages and disadvantages of leasing abuildingversus purchasing one.

VI.Statement of Changes in Financial Position

1. From the perspective of an investor, determine whether or not you wouldinvestin SEARS based on the companys statement of changes in financial position (SCFP). Support your opinion.
2. ReviewthecompanysSCFPforanyconcernsthatmayneedtobeaddressed.Ascontrollerofyourcompany,prepareamemotoyourCEO,givingasummaryreportforpossiblerecommendations.

Use the following link to help locate the proper financial statements=(https://searsholdings.com/invest/annual-reports)

Guidelines for Submission: Your paper must be submitted as a 3-4 pageS Microsoft Word document with double spacing, 12-point Times New Roman font, one inch margins, and at least three CREDITED sources cited in APA format.

checked for originality.