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).
Required:
1. What is Target's policy for designating investments as cash equivalents?
2. What is Target's balance of cash equivalents for the fiscal year ended January 30, 2016?
3. What is Target's policy with respect to accounting for merchandise returns?
4. Does Target have accounts receivable? Speculate as to why it has the balance that it has.
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...