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What was the amount of revenue Target reported in its income statement for the fiscal year ended February 1 , 2 0 2 0 ?
What was the amount of revenue Target reported in its income statement for the fiscal year ended February
Disclosure Note indicates that Target generally records revenue in retail stores at the point of sale. Does that suggest that Target generally records revenue at a point in time or over a period of time?
Disclosure Note indicates that customers guests can return some merchandise within days of purchase and can return other merchandise within a year of purchase. How is Targets revenue and net income affected by returns, given that it does not know at the time a sale is made which items will be returned?
Disclosure Note discusses Targets accounting for gift card sales. Does Target recognize revenue when it sells a gift card to a customer? If not, when does it recognize revenue?
Disclosure Note discussed how Target accounts for consideration received from vendors, which they call vendor income. Does that consideration produce revenue for Target? Does that consideration produce revenue for Targets vendors?
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