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Financial Statement Analysis Case Delhaize Group Presented in Illustration 21-30

ID: 2532457 • Letter: F

Question

Financial Statement Analysis Case Delhaize Group Presented in Illustration 21-30 (page 1090) are the financial statement disclosures from the 2012 annual report of Delhaize Group (BEL) Instructions Answer the following questions related to these disclosures. (a) What is the total obligation under finance leases at year-end 2012 for Delhaize? (b) What is the total rental expense reported for leasing activity for the year ended December31,2012, for Delhaize? (c) Estimate the off-balance-sheet liability due to Delhaize operating leases at fiscal year en d 2012.

Explanation / Answer

a) Total obligation under finance lease at year end 2012 Future minimum lease payments 1318 b) Total rental expense 300 c) Off-balance sheet liability 1916

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