Question
Use the fiscal 2014 10-k Report filed with the SEC for Target to answer the questions below.(you can locate the report at:http://www.sec.gov/Archives/edgar/data/27419/000002741915000012/tgt-20150131x10k.htm)You will need to
Use the fiscal 2014 10-k Report filed with the SEC for Target to answer the questions below.(you can locate the report at:http://www.sec.gov/Archives/edgar/data/27419/000002741915000012/tgt-20150131x10k.htm)You will need to use the entire report, including the Management Discussion and Analysis section as well as the footnotes and related disclosures.
NOTE: DO NOT PRINT THE ENTIRE 10-K. The document is too big. Search through the document by reading in the appropriate locations for each question to be answered. Use the table of contents and associated links to help you access this information more quickly. (You can also use the search/find feature)
QUESTION 1 1. Who is the company's auditor? Deloitte KPMG E&Y BDO Pricewaterho use Moss Adams 1 points QUESTION 2 1. What day is the company's fiscal 2014 year end? November 30, 2014 December 31, 2014 January 31, 2015 February 1, 2015 1 points QUESTION 3 1. How many years of comparative financial statements does the company present on the Income Statement? 1 points QUESTION 4 1. What is the title following the non-operating section on the company's income statement? Earnings from Operations Earnings before interest expense and income taxes Earnings before income taxes Continuing Earnings before income taxes Earnings from Continuing Operations before income taxes 1 points QUESTION 5 1. What is the dollar denomination associated with the financial statements? Millions Thousan ds Hundred s Ones 1 points QUESTION 6 1. The company has discontinued operations for fiscal 2014? True False 1 points QUESTION 7 1. How much is the Net Income or Net Loss for fiscal 2014? (Record your answer in millions and be sure to put negative sign in front of a negative number, for instance if the answer is -4,500 million, you would type -4500.) 1 points 1. QUESTION 8 How much is Target's Cash Provided by Operating Activities that will continue for fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would typoe 4500.) 1 points 1. QUESTION 9 Online sales are recognized based on FOB Destination. True False 1 points QUESTION 10 1. How much did Target REDcard customers save in fiscal 2014? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.) 1 points QUESTION 11 1. During the fourth quarter of 2013, Target experienced a Data Breach in which payment card information was stolen. What is the amount of the pre-tax net expense for the Data Breach that Target recorded in fiscal 2014? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.) 1 points QUESTION 12 1. Where did Target classify the Data Breach related expenses on the income statement? COGS SG&A Credit Card Expenses Net Interest Expense 1 points QUESTION 13 1. How much is Target's net interest expense for fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.) 1 points QUESTION 14 1. How much did Target declare in dividends during fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.) 1 points QUESTION 15 1. How much did Target pay in dividends during fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.) 1 points 1. QUESTION 16 The company reports Comprehensive Income on one continuous statement of income and comprehensive income. True False 1 points 1. QUESTION 17 Pension and other benefits liabilities are some of the items listed as part of OCI. True False 1 points QUESTION 18 1. What other statement presents the information on changes in equity due to OCI items reported? Statement of Operations Statement of Financial Position Statement of Cash Flows Statement of Shareholders' Investment 1 points QUESTION 19 1. What is the amount for OCI for 2014? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.) 1 points QUESTION 20 1. The company record a change in accounting principle for fiscal 2014. True False 1 points QUESTION 21 1. The company reports Cash & Cash Equivalents on their balance sheet. How much does Target classify as \"Cash Equivalents\" for fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.) 1 points QUESTION 22 1. What inventory method does the company use? Specific identification Average FIFO LIFO 1 points QUESTION 23 1. At fiscal year-end, the company values their inventory at.... Lower of cost or market Market FIFO Cost LIFO Cost 1 points QUESTION 24 1. What depreciation method does the company use for PPE? Activity based Double Declining Balance Straight Line Sum of Years Digits 1 points 1. QUESTION 25 How much did Target incur for depreciation and amortization expense in fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.) 1 points 1. QUESTION 26 How much cash did Target receive from the disposal of property and equipment during fiscal 2014? (Record your answers in millions, for instance if the answer is 30 million, you would type 30.) 1 points QUESTION 27 1. How much did Target incur in impairments of long-lived assets for 2014? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.) 1 points 1. QUESTION 28 The company incurred impairments to goodwill in fiscal 2014. True False 1 points QUESTION 29 1. How much is Target's Gift Card Liability at the end of fiscal 2014? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.) 1 points QUESTION 30 1. How much are Target's purchase obligations at the end of fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.) 1 points QUESTION 31 1. How much of Target's purchase obligations are due within less than 1 year? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.) 1 points QUESTION 32 1. According to Moody's, what is Target's credit rating for Long-term Debt at the time of this report? 1 points QUESTION 33 1. How much is the carrying value of Target's long-term debt at the end of fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.) 1 points QUESTION 34 1. How much is Target's long-term debt (principal only not carrying value) at the end of fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.) 1 points QUESTION 35 1. How much of Target's long-term debt (principal only) is considered current? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.) 1 points QUESTION 36 1. Target's contractual obligation for interest payment's associated with longterm debt recorded as a liability on the balance sheet. True False 1 points QUESTION 37 1. How much is Target's contractual obligation for interest payment's associated with long-term debt at the end of fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.) 1 points QUESTION 38 1. How much is Target's contractual obligation for interest payment's associated with long-term debt is due within the next year? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.) 1 points QUESTION 39 1. How much debt did Target repurchase during the first quarter of 2014? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.) 1 points QUESTION 40 1. How much loss did Target incur on early retirement of debt in fiscal 2014? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.) 1 pointsStep by Step Solution
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