Amr corp disclosed the following lease information in its


AMR Corp. disclosed the following lease information in its 2011 annual report related to its leasing activities (in millions). Capital Leases Operating Leases 2012 $ 167 $ 1,176 2013 149 1,091 2014 129 942 2015 118 779 2016 78 685 Thereafter 477 5,940 Total 1,118 $10,613 Amount representing interest (439) Present value of net minimum lease payments $ 679 a. What did AMR report on its 2011 balance sheet related to leases? b. Calculate the lease-related liabilities that are potentially missing from AMR’s 2011 balance sheet. Assume a discount rate of 11% and assume that the payments made in 2017 and beyond are made in 9 installments.

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Financial Management: Amr corp disclosed the following lease information in its
Reference No:- TGS01561900

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