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Please help. I just want to verify I am on the right path. Target Corporation is one of the largest retail companies in the U.S.

Please help. I just want to verify I am on the right path.

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Target Corporation is one of the largest retail companies in the U.S. Excerpts from Target's 10-K are included at the end of this document. Examine the Statements of Operations, read the excerpts from the pension note to Target's 2017 financial statements (Note 28), and answer the questions below, Note that Target's fiscal year-end dates were: 2/3/2018 for 2017, 1/28/2017for 2016, and 1/30/2016 for 2015 I. Complete pension worksheets for Target for 2016 and 2017. Note that you need to combine the information for Qualified and Nonqualified plans. These should be similar to the pension worksheets we completed in class. They should include beginning balances for Pension Plan Assets, Projected Benefit Obligation, Prior Service Cost and Net Gains& Losses. Your worksheets should describe the changes in each of these accounts, as well as elements of pension expense and relevant changes to the cash account. Finally, they should include the year-end balances in each permanent account except Cash. 2. Prepare summary pension journal entries for Target for 2016 and 2017 3. During 2017, Target decreased the discount rate used to measure the PBO from 4.40% to 3.93%. How does a decrease in the discount rate affect pension calculations? Which number(s) on your worksheets were influenced by this change in discount rate? Explain Target Corporation is one of the largest retail companies in the U.S. Excerpts from Target's 10-K are included at the end of this document. Examine the Statements of Operations, read the excerpts from the pension note to Target's 2017 financial statements (Note 28), and answer the questions below, Note that Target's fiscal year-end dates were: 2/3/2018 for 2017, 1/28/2017for 2016, and 1/30/2016 for 2015 I. Complete pension worksheets for Target for 2016 and 2017. Note that you need to combine the information for Qualified and Nonqualified plans. These should be similar to the pension worksheets we completed in class. They should include beginning balances for Pension Plan Assets, Projected Benefit Obligation, Prior Service Cost and Net Gains& Losses. Your worksheets should describe the changes in each of these accounts, as well as elements of pension expense and relevant changes to the cash account. Finally, they should include the year-end balances in each permanent account except Cash. 2. Prepare summary pension journal entries for Target for 2016 and 2017 3. During 2017, Target decreased the discount rate used to measure the PBO from 4.40% to 3.93%. How does a decrease in the discount rate affect pension calculations? Which number(s) on your worksheets were influenced by this change in discount rate? Explain

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