By reviewing current financial statements, locate a publicly-traded company (a company that has stock traded on the New York Stock Exchange) that uses leases as part of their financial strategy.
Review the financial statements of publically-traded competitors and locate one competing company which also uses leases in their financial strategy.
Compare and contrast the leasing strategy of these two companies. Include the following information from the last reporting year:
Do the companies disclose any capital leases of leased property? If so, are the disclosure requirements contained in SFAS No. 13 being followed?
Are any of the company's lessors in lease transactions? If so, do they use the sales-type or the direct financing method to account for their lease transactions?
Do the companies disclose any financial leases of leased property? If so, provide details about the lease agreements and how they are presented on the financial statements.
In a short paper of 2 to 3 pages in length (not including title and reference pages) summarize your findings about the leasing strategies of your selected companies. Format your paper according to APA 6th edition standards. Use Times New Roman, 12-point font, double-spaced, with one inch margins.