Target Corporation prepares its financial statements according to U.S. GAAP. Target’s financial statements and disclosure notes for the year ended February 3, 2018, are available in Connect. This material also is available under the Investor Relations link at the company’s website (www.target.com). Target refers to its Shareholders’ Equity as Shareholders’ Investment. 

Required: 

1. Refer to Target’s Consolidated Statements of Shareholders’ Investment. What are the six types of events and transactions that affected one or more of the Shareholders’ Investment accounts in the year ended February 3, 2018? 

2. Note 25, “Share Repurchase,” provides the information we need to reconstruct the journal entry that summarizes Target’s share repurchases in the year ended February 3, 2018. Provide that entry (dollars in millions, rounded to the nearest million). 

3. Does Target account for share repurchases as (a) treasury stock or (b) retired shares?