Use the Target Corporations annual report in Appendix B to answer the following questions: Required a. What

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Use the Target Corporation’s annual report in Appendix B to answer the following questions:

Required
a. What is the par value per share of Target’s stock? How was the par value established?
b. How many shares of Target’s common stock were outstanding as of January 29, 2011?
c. Target’s annual report provides some details about the company’s executive officers. How many are identified? What is their minimum, maximum, and average age? How many are females?
d. Target’s balance sheet does not show a balance for treasury stock. Does this mean the company has not repurchased any of its own stock? Explain.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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Fundamental financial accounting concepts

ISBN: 978-0078025365

8th edition

Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward

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