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Use the Following link to answer the next 45 questions https://corporate.target.com/_media/TargetCorp/annualreports/2017/pdfs/2017-Annual-Report.pdf?ext=.pdfLinks to an external site. Question 1 0.2pts Who is the company's auditor? Deloitte KPMG

Use the Following link to answer the next 45 questions

https://corporate.target.com/_media/TargetCorp/annualreports/2017/pdfs/2017-Annual-Report.pdf?ext=.pdfLinks to an external site.

Question 1

0.2pts

Who is the company's auditor?

Deloitte

KPMG

E&Y

BDO

Pricewaterhouse

Moss Adams

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Question 2

0.2pts

What day is the company's fiscal 2017 year end?

February 1, 2018

December 31, 2017

February 3, 2018

January 28,2018

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Question 3

0.2pts

How many years of comparative financial statements does the company present on the Income Statement?

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Question 4

0.2pts

What title doesTargetusefollowing 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

Question 5

0.2pts

What is the dollar denomination associated with the financial statements?

Ones

Hundreds

Thousands

Millions

Question 6

0.2pts

Target exited Canada during 2015.This exit represented a strategic shift in their business that resulted in Discontinued Operations being reported on their Income Statement.

True

False

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Question 7

0.2pts

How muchIncome/(Loss)didTarget recognize in2016onDiscontinuedOperations(net):

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Question 8

0.2pts

How muchdid Target report forNet Income or Net Loss for fiscal2017?(Record your answer in millions and if there is a loss,be sure to put negative sign in front of a the loss.Forexample, if the answer is a loss of-4,500million,you would type-4500.)

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Question 9

0.2pts

How many weeks did Target's fiscal year for 2017include?

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Question 10

0.2pts

How much is Target'sCash Provided by Operating Activities from Continuing Operations for 2017?(Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

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Question 11

0.2pts

On-line sales are recognized basedon:

FOB Shipping Point

FOB Destination

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Question 12

0.2pts

Customers receive a 5% sales discount on all purchases at Target.com when they use their Target REDCard, Target Debit Card or Target Credit Card.How much did Target report as reductions in Sales Revenues for these Sales Discounts in fiscal 2017? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.)

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Question 13

0.2pts

When will Target adopt the new FASB ASU No.2014-09,Revenue from Contracts with customers?

1st Quarter 2018

2ndQuarter 2018

3rd Quarter 2018

4th Quarter 2018

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Question 14

0.2pts

When Target adopts the new Revenue Recognition standard, will they report the change in principle Prospectively or Retrospectively?

Prospectively

Retrospectively

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Question 15

0.2pts

Where did Target re-classify supply chain-related depreciation expense to in fiscal 2017?(i.e.Depreciation on their Distribution Centers)

COGS

SG&A

Depreciation &Amortization Expense

Net Interest Expense

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Question 16

0.2pts

Where does Target classify costs associated with accepting 3rd party bank issued payment cards (i.e. the factor fee for credit card transactions)?

Net Sales

SG&A

COGS

Net Interest Expense

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Question 17

0.2pts

How much is Target'snet interest expensefor fiscal 2017? ["Net" means net of interest that was capitalized for assets under construction for Target's own use.](Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

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Question 18

0.2pts

How much cash waspaidfor interest (net of capitalized interest) for fiscal 2017?(record your answer in millions.For example, if your answer is 1,000 million, record your answer as 1000.)

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Question 19

0.2pts

How much did Target declare in dividends during fiscal 2017?(Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

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Question 20

0.2pts

How much did Target pay in dividends during fiscal 2017?(Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

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Question 21

0.2pts

The company reports Comprehensive Income on one continuous statement of income and comprehensive income.

True

False

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Question 22

0.2pts

Pension and other benefits liabilities are some of the items listed as part of ComprehensiveIncome.

True

False

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Question 23

0.2pts

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

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Question 24

0.2pts

What is the amount for OCI for2017?(Record your answer in millions and besure to put anegative sign in frontofanegativenumber.For instance if the answer is -315million,you would type -315.)

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Question 25

0.2pts

In 2015, Target began restructuring initiatives to reduce their workforce and increase cost savings.Where were these restructuring costs reported for fiscal 2015?

COGS

Retained Earnings

SG&AExpenses

OCI

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Question 26

0.2pts

In 2015,Target sold their Pharmacy &Clinic businesses to CVS.How much cash consideration was received upon the disposal?*Record your answer in millions.For example, if your answer is 1,275million,record your answer as 1275.

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Question 27

0.2pts

Where did Target report the $620million gain on disposal of their Pharmacy &Clinic businesses?

SG&A Expense

Discontinued Operations

Earnings from Continuing Operations before Interest Expense and Taxes.

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Question 28

0.2pts

The company reports Cash & Cash Equivalents on their balance sheet.How much does Target classify as "Cash Equivalents" for fiscal 2017?(Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

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Question 29

0.2pts

What inventory method does the company use?

Specific identification

Average

FIFO

LIFO

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Question 30

0.2pts

At fiscal year-end, the company values their inventory at....

Lower of cost or market

Lower of Cost or Net Realizable Value

FIFO Cost

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Question 31

0.2pts

What depreciation method does the company use for PPE?

Activity based

Double Declining Balance

Straight Line

Sum of Years Digits

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Question 32

0.2pts

How much did Target incur for depreciation and amortization expense in fiscal 2017?(Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

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Question 33

0.2pts

How much cash did Target receive from the disposal of property and equipment during fiscal 2017?(Record your answers in millions, for instance if the answer is 20 million, you would type 20.)

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Question 34

0.2pts

How much did Target incur in impairments of Property & Equipment for 2017 andinclude in SG&A Expense?(Record your answer in millions, for instance if the answer is 30 million, you would type 30.)

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Question 35

0.2pts

Target reviews Goodwill for impairment annually.Did the company report any impairments to Goodwill in fiscal 2017?

Yes

No

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Question 36

0.2pts

How much does Target report as Goodwill for the year ended February 3,2018?$

Goodwill increased during 2017 due to the acquisition of Shipt.How much Goodwill was identified with this business combination?$

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Question 37

0.2pts

How much is Target's Gift Card Liability at the end of fiscal 2017?(Record your answer in millions, for instance if the answer is 30 million, you would type 30.)

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Question 38

0.2pts

How much are Target's purchase obligations at the end of fiscal 2017?(Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

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Question 39

0.2pts

According to Standard &Poors, what is Target's credit rating for Long-term Debt at the time of this report?

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Question 40

0.2pts

How much is the carrying value of Target's long-term debt for ONLY Notes &Debenturesat the end of fiscal 2017?(Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

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Question 41

0.2pts

Does Target report these long-term debt instruments for Notes &Debentures at Fair Value?

Yes

No

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Question 42

0.2pts

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.)

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Question 43

0.2pts

How much is Target's contractual obligation for interest payment's associated with long-term debt at the end of fiscal 2017?(Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

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Question 44

0.2pts

How much debt did Target repurchase during October of 2017?(Record your answer in millions,for instance if the answer is30million,you would type30.)

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Question 45

0.2pts

How much gain/loss did Target incur on the early retirement of debt in fiscal 2017?(Record your answer in millions and if there was a loss use a minus sign in front of the dollar amount.For instance if the answer is a loss of 30 million, you would type -30.)

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