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This is the whole problem, sorry I had to take 3 phots Analyzing PPE Accounts and Recording PPE Transactions, Including Discontinued Operations The 2014 and

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image text in transcribed This is the whole problem, sorry I had to take 3 phots
Analyzing PPE Accounts and Recording PPE Transactions, Including Discontinued Operations The 2014 and 2013 income statements and balance sheets (asset section only) for Target Corporation follow, along with its footnote describing Target's accounting for property and equip- ment. Target's cash flow statement for fiscal 2014 reported capital expenditures of $1,786 million and disposal proceeds for property and equipment of $95 million. No gain or loss was reported on property and equipment disposals. In addition, Target acquired property and equipment through non-cash acquisitions not reported on the statement of cash flows. (Note some numbers were added to make the disclosure complete.) Consolidated Statements of Operations $ millions) Sales Credit card revenues . Total revenues Cost of sales. Selling, general and administrative expenses Credit card expenses 2014 2013 2012 $71,279 $71,96 1,341 73,301 50,568 14,643 467 2,044 (161) $72,618 71,279 50,039 14,465 14,676 2,129 1,996 (391) arnings from continuing operations before interest expense and income taxes... Net interest expense. Ear 5,170 1,049 5,740 684 882 nings from continuing operations before income taxes 3,653 1,204 2,449 (4,085) 4,121 1,427 2,694 (723) 5,056 1,741 3,315 (316) $ 2,999 Net earnings from continuing operations. Net (loss/earnings $(1,636) 1,971

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