Capital and Operating leases.

The principles regarding leases were recently updated by FASB, as discussed in the textbook: Corporate Financial Reporting and Analysis: A Global Perspective. 

Explain two main differences between capital and operating leases. Select a publicly traded company and access its most recent financial statements, form 10-K. Do not choose a company about which one of your classmates has already posted. Navigate to the notes to the financial statements and locate the company’s note on lease disclosures. Identify the types of leases the company has and explain how you can tell which types of leases are used. 

The company of choice is Macys. The form 10-k can be found through this link

https://www.macysinc.com/investors/sec-filings/annual-reports#