Find Target's financial statements and disclosure notes for the year ended February 3,2018 (which is 2017 fiscal year) at the Investor Relations link at the company's website

Required:

1. What was the amount of revenue Target reported for 2017 fiscal year?
2. Disclosure Note 2 indicates that Target generally records revenue in retail stores at the point of sale. Does that suggest that Target generally records revenue at a point in time or over a period of time? Explain.
3. Disclosure Note 2 indicates that customers (guests) can return some merchandise within 90 days of purchase and can return other merchandise within a year of purchase. How is Targets revenue and net income affected by returns, given that it does not know at the time a sale is made which items will be returned?
4. Disclosure Note 2 indicates that Commissions earned on sales generated by leased departments are included within sales and were $44 million in 2017. Do you think it likely that Target is accounting for those sales a as principal or an agent? Explain.