Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended January 30, 2016. are available in Conned. This material is also available under the Investor Relations link at the company's website (www.target.com).n
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1. What indices does Target use to measure the LIFO provision?n
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2. Why does Target feel that the retail inventory method will result in inventory being valued at the lower of cost or market?n
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3. How does Target account for inventory when arrangements are made with vendors whereby Target does not purchase or pay for merchandise until the merchandise is ultimately sold to a customer?n
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