Target Corporation prepares its financial statements according to U . S . GAAP. Target s financial statements
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Target Corporation prepares its financial statements according to US GAAP. Targets financial statements and disclosure notes for the year ended February are available here. This material is also available under the Investor Relations link at the companys website wwwtarget.com
Note: Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
Required:
Note indicates that Targets finance lease liability at February is $ $ current $ noncurrent while its finance lease assets are $ Why do the asset and liability amounts differ?
Targets finance lease assets are listed on February at $ million. What was the original amount recorded for these specific rightofuse assets when the leases commenced?
Refer to Targets Statement of Cash Flows. Prepare a journal entry that summarizes Targets acquisition of assets by operating lease for the twelve months ended February
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