Target Case (Static) [LO6-2, 6-6, 6-7] Target Corporation prepares its financial statements according to U.S. GAAP. Targets financial statements and disclosure notes for the year ended February 1, 2020, are available here. This material also is available under the Investor Relations link at the companys website (www.target.com). Required: What was the amount of revenue Target reported in its income statement for the fiscal year ended February 1, 2020? 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? Disclosure NoteTarget Case (Static) [LO6-2, 6-6, 6-7]

Target Corporation prepares its financial statements according to U.S. GAAP. Targets financial statements and disclosure notes for the year ended February 1, 2020, are available here. This material also is available under the Investor Relations link at the companys website (www.target.com).1. 1.Amount of revenue reported ?