Question

TOYOTA:

Review the annual report that you selected for potentialdisclosures relating to contingent liabilities and contingentassets. What do these disclosures suggest about the company’spotential risk? Support your response with facts from the company’sfinancial statements and annual report. Include a link to thosedocuments so that other students can reference them.

Look at the annual report notes to the financial statements anddescribe the company’s handling of lease transactions. Does thecompany have significant off-balance-sheet assets and liabilities?Would recording these assets and liabilities on the balance sheetchange your view of the financial condition of the company?



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