Use the Target Corporations annual report in Appendix B to answer the following questions Required a Instead of Cash, the companys balance sheet uses the account name Cash and cash equivalents How does the company define cash equivalents b The annual report has two reports in which management is cl...

a According to footnote 9 Cash equivalents include highly liquid investments with an orig ...

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

Question:

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

Required
a. Instead of “Cash,” the company’s uses the account name “Cash and cash equivalents.” How does the company define cash equivalents?
b. The annual report has two reports in which management is clearly identified as having responsibility for the company’s financial reporting and internal controls. What are the names of these reports and on what pages are they located?

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...