Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for

Question:

Target prepares its according to U.S. GAAP. Target's and disclosure notes for the year ended January 30, 2016, are available in Connect. This material also is available under the Investor Relations link at the company's website (www.target.com). Target refers to its Shareholders' Equity as Shareholders' Investment.
Required:
1. Refer to Target's Consolidated Statements of Shareholders' Investment. What are the five types of events and transactions that affected one or more of the Shareholders' Investment accounts in the year ended January 30, 2016?
2. Note 25, "Share Repurchase," provides the information we need to reconstruct the journal entry that summarizes Target's share repurchases in the year ended January 30, 2016. Provide that entry. Does Target account for share repurchases as treasury stock or retired shares? Explain.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...