American Airlines Group, Inc. (the Company), provides the following disclosures in the notes to their...
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American Airlines Group, Inc. (the Company), provides the following disclosures in the notes to their 2020 financial statements (excerpted for brevity): 4. Leases The components of lease expense were as follows (in millions): a. What is the right-of-use asset for operating leases as of the end of 2020 ? \$ million. b. What is the net asset recorded for finance leases? $ million. c. What is the lease liability balance for operating leases as of the end of 2020? What does this amount represent? $ million. The amount is the of the remaining lease payments. d. What is the amount of amortization expense recorded in 2020 for finance leases? For operating leases? $ million for finance leases. \$ nillion for operating leases. e. What is the amount of interest expense recorded in 2020 for finance leases? For operating leases? $ million for finance leases. \$ million for operating leases. American Airlines Group, Inc. (the Company), provides the following disclosures in the notes to their 2020 financial statements (excerpted for brevity): 4. Leases The components of lease expense were as follows (in millions): a. What is the right-of-use asset for operating leases as of the end of 2020 ? \$ million. b. What is the net asset recorded for finance leases? $ million. c. What is the lease liability balance for operating leases as of the end of 2020? What does this amount represent? $ million. The amount is the of the remaining lease payments. d. What is the amount of amortization expense recorded in 2020 for finance leases? For operating leases? $ million for finance leases. \$ nillion for operating leases. e. What is the amount of interest expense recorded in 2020 for finance leases? For operating leases? $ million for finance leases. \$ million for operating leases
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American Airlines Group, Inc. (the Company), provides the following disclosures in the notes to their 2020 financial statements (excerpted for brevity): 4. Leases The components of lease expense were as follows (in millions): a. What is the right-of-use asset for operating leases as of the end of 2020 ? \$ million. b. What is the net asset recorded for finance leases? $ million. c. What is the lease liability balance for operating leases as of the end of 2020? What does this amount represent? $ million. The amount is the of the remaining lease payments. d. What is the amount of amortization expense recorded in 2020 for finance leases? For operating leases? $ million for finance leases. \$ nillion for operating leases. e. What is the amount of interest expense recorded in 2020 for finance leases? For operating leases? $ million for finance leases. \$ million for operating leases. American Airlines Group, Inc. (the Company), provides the following disclosures in the notes to their 2020 financial statements (excerpted for brevity): 4. Leases The components of lease expense were as follows (in millions): a. What is the right-of-use asset for operating leases as of the end of 2020 ? \$ million. b. What is the net asset recorded for finance leases? $ million. c. What is the lease liability balance for operating leases as of the end of 2020? What does this amount represent? $ million. The amount is the of the remaining lease payments. d. What is the amount of amortization expense recorded in 2020 for finance leases? For operating leases? $ million for finance leases. \$ nillion for operating leases. e. What is the amount of interest expense recorded in 2020 for finance leases? For operating leases? $ million for finance leases. \$ million for operating leases
