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1. An annual report of Crestwood Industries states, "The company and its subsidiaries have long term leases expiring on various dates after December 31, 2010. Amounts payable under such commitments, without reduction for related rental income are expected to average approximately $5,711,000 annually for the next 3 years. Related rental income from certain subleases to others is estimated to average $3,094,000 annually for the next 3 years." What information is provided by this note?  

Reference no: EM131116886

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