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Target Case (Static) [LO18-1, 18-5] [The following information applies to the questions displayed below] Target Corporation prepares its financial statements according to U.S. GAAP.
Target Case (Static) [LO18-1, 18-5] [The following information applies to the questions displayed below] Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material also is available under the Investor Relations link at the company's website (www.target.com). Target refers to its Shareholders' Equity as Shareholders' Investment Target Case (Static) Part 2 and 3 2. Note 25, "Share Repurchase." provides the information we need to reconstruct the journal entry that summarizes Target's share repurchases in the year ended February 3, 2018. Provide that entry. 3. Does Target account for share repurchases as (a) treasury stock or (b) retired shares? Complete this question by entering your answers in the tabs below. Required 2 Required 3 Reconstruct the journal entry that summarizes Target's share repurchases in the year ended February 3, 2018. Refer Note 25, "Share Repurchase,. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (ie., 10,000,000 should be entered as 10).) View transaction list
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