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Discuss what gaap requires in class note this question

In the top chart in note 3 of Walgreens, you see that Walgreens has $35,840 million of future minimum payments under some of its noncancelable leases as of August 31, 2012. This is total dollars, not a present value amount. Do you think Walgreens should record a liability for these payments? We will discuss what GAAP requires in class. (Note this question asks your opinion and does not affect your grade on this assignment.)

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Accounting Basics: Discuss what gaap requires in class note this question

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