The financial statements of M S (GBR) are presented in Appendix A The company 's complete annual report, including the notes to the financial statements, is available online Instructions Refer to M S 's financial statements and the accompanying notes to answer the following questions a What types o...

a MS uses both finance leases and operating leases b MS repor ...

The financial statements of M&S (GBR) are presented in Appendix A. The company's complete annual report, including

Question:

The of M&S (GBR) are presented in Appendix A. The company's complete annual report, including the notes to the is available online.
Instructions
Refer to M&S's and the accompanying notes to answer the following questions.
a. What types of leases are used by M&S?
b. What amount of finance leases was reported by M&S in total and for less than one year?
c. What minimum annual rental commitments under all non-cancelable leases at year-end 2016 did M&S disclose?
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...