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.
5. Disclosure Note 2 discusses Targets accounting for gift card sales. Does Target recognize revenue when it sells a gift card to a customer? If not, when does it recognize revenue? Explain.
6. Disclosure Note 2 discuss how Target accounts for consideration received from vendors, which they call vendor income. Does that consideration produce revenue for Target? Does that consideration produce revenue for Targets vendors? Explain.
7. What is Targets policy for designating investments as cash equivalent?
8. What is Targets balance of cash equivalent for 2017 fiscal year?
9. Does Target have accounts receivable? Speculate as to why it has the balance that it has. (Hint: See Disclosure Notes 9, 11 and 13).

ONLY ANSWER NUMBER 5 - 9 PLEASE...