Based on the following documents, you will answer ten questions as listed below:

Questions #1 - 7: See Form 10-K for CVS Health Corp filed February 10, 2015 with the Securities and Exchange Commission for the period ended December 31, 2014. (((I attached From 10-k for your convenience)))

Question #8: See FASB Exposure Draft - Proposed ASU (Revised), Issued May 16, 2013, Leases (Topic 842) (selected pages). (((http://www.fasb.org/home)))

Question #9: See FASB Meeting Minutes, May 13, 2015 Meeting Minutes, Leases. (((http://www.fasb.org/home)))

Question #10: The CPA Journal, "Preparing for the Looming Changes in Lease Accounting," by Chambers, D., Dooley, J., & Finger, C.A. January 2015, pages 38 - 42. (((http://www.cpajournal.com/)))

1. What type of assets does the Company lease?

2. What are the typical terms of the Company's leases?

3. How much are the Company's lease obligations and where are they reported? Be specific.

4. When the Company closes a facility, how does the Company account for closed store lease termination costs and remaining lease obligations?

5. What type of information did the Company disclose about its leasehold improvements?

6. What was the Company's purpose of entering into sale-leaseback transactions? How are the resulting leases accounted for?

7. What does the Company believe regarding the potential impact the proposed lease accounting standard would have on it results of operations? Explain.

8. Identify three or four major changes in lease accounting proposed in the FASB Exposure Draft.

9. Per the FASB Meeting Minutes, May 13, 2015, what did the Board tentatively decide regarding: a) what should be incorporated into the lessor accounting model in terms of collectability; and b) what a lessor should do when a Type A lease is modified?

10. According to The CPA Journal article, what are the key problems and challenges that a company is facing when implementing the proposed lease accounting and reporting standards?

Book: Health is everything. And CVS Health is rethinking the way health care is delivered in the United States to increase access, lower costs, and improve outcomes. ( CVS Health: annual report-2014)