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a. What is Targets approach for accruing losses for litigation claims associated with the data breach? Is their approach appropriate? b. Prepare a journal entry

a. What is Targets approach for accruing losses for litigation claims associated with the data breach? Is their approach appropriate?

b. Prepare a journal entry to record Targets recognition of new expenses associated with the data breach litigation for the fiscal year ended January 30, 2016.

c. Prepare a journal entry to record Targets reduction of its liability associated with the data breach litigation for the fiscal year ended January 30, 2016.

LINK to Target's 10K: https://corporate.target.com/annual-reports/2015/10-K/form-10-K

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