In Note 11, of its 2018 financial statements, Chipotle (CMG) reported the following future operat- ing lease information: E5.12 Contractually required future minimum cash lease payments under existing...


In Note 11, of its 2018 financial statements, Chipotle (CMG) reported the following future operat-<br>ing lease information:<br>E5.12<br>Contractually required future minimum cash lease payments under<br>existing operating leases as of December 31, 2018, are as follows:<br>$ 294,191<br>296,579<br>294,941<br>295,290<br>2019<br>2020 .<br>2021<br>2022<br>290,980<br>2,478,397<br>2023<br>Thereafter.<br>Total minimum lease payments<br>$3,950,378<br>a. Assuming a discount rate of 5 percent, estimate the unrecognized asset and liability for<br>assets acquired under operating leases for CMG at December 31, 2018.<br>b. Given the estimated unrecognized liability calculated in part a., what impact does including<br>this amount have on the liabilities of CMG reported on the balance sheet?<br>

Extracted text: In Note 11, of its 2018 financial statements, Chipotle (CMG) reported the following future operat- ing lease information: E5.12 Contractually required future minimum cash lease payments under existing operating leases as of December 31, 2018, are as follows: $ 294,191 296,579 294,941 295,290 2019 2020 . 2021 2022 290,980 2,478,397 2023 Thereafter. Total minimum lease payments $3,950,378 a. Assuming a discount rate of 5 percent, estimate the unrecognized asset and liability for assets acquired under operating leases for CMG at December 31, 2018. b. Given the estimated unrecognized liability calculated in part a., what impact does including this amount have on the liabilities of CMG reported on the balance sheet?

Jun 03, 2022
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