1. In one sentence describe Targets business. (1 point)
2. Who is Targets Auditor? (1 point)
3. What opinion do Targets auditors express on the financial statements? (1 point)
4. Which footnote provides Targets summary of accounting policies? (1 point)
5. When does Targets fiscal year-end? (1 point)
6. Which sales revenue stream was the largest in 2018? (1 point)
7. Which sales revenue stream had the largest growth between 2017 to 2018? (1 point)
8. What inventory costing method (discussed in class) does Target use for recording inventory? (1 point)
9. In one sentence, describe the accounting policy Target uses for when to record contingencies. (1 point)
10. Which note number addresses treasury stock or repurchase of stock? (1 point)
11. Who does Target have an operating lease agreement with? (1 point)
12. What accounting treatment does Target apply to advertising costs? Please also include what accounting principle supports this? (2 points)
13. How many common stock shares are authorized and outstanding at the balance sheet date? (2 points)
14. What is the par value of Target stock? (1 point)
15. What stock exchange does Target trade on? (1 point)
16. List 5 Risk Factors that are applicable to Target. (5 points)
17. How many Target stores does the state of Indiana have? (1 point)
18. What is the Target trading symbol? (1 point)
19. Name 2 Key Accounting Estimates and explain each in no more than two sentences. (4 points)
20. What are the names of the two opinions given by the outside auditors? (2 points)