analyzing situations and communicating results to decision makers with an emphasis on stockholders equity, income measurement, income taxes, pensions, leases, and statements of changes in financial positions.

1. Stockholders Equity (Target Corporation)
   1. Determine how your company got its initial financial start in terms of debt (liabilities) or equity (capital). Support your response.
   2. Analyze the equity section of your companys balance sheet as compared to your companys industry average. Rate the companys performance against its competitors.
   3. Review your companys dividend policy and its history. Based on the information, discuss the trends over the past year.
2. Income Measurement/Revenue Recognition (Target Corporation)
   1. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) came together on a unified project to outline the accounting principles for recognizing revenue and to develop a common revenue standard for U.S. GAAP and IFRS. Research IAS-18, Revenue, and discuss how it would apply to your company.
   2. Review your companys revenue over the past two years. Analyze the change in revenue (increase/decrease) and give the reasons for this change.
   3. Reflecting upon your companys balance sheet, identify the unearned revenue accounts listed. How does your company handle the proper accounting treatment with regard to recognizing revenue from unearned revenue accounts?