Ask Accounting Basics Expert

QUESTION 1

Who is the company's auditor?
Deloitte
KPMG
E&Y
BDO
Pricewaterhouse
Moss Adams

QUESTION 2
What day is the company's fiscal 2014 year end?
November 30, 2014
December 31, 2014
January 31, 2015
February 1, 2015

QUESTION 3
How many years of comparative financial statements does the company present on the Income Statement?

QUESTION 4
What is the title following the non-operating section on the company's income statement?
Earnings from Operations
Earnings before interest expense and income taxes
Earnings before income taxes
Continuing Earnings before income taxes
Earnings from Continuing Operations before income taxes

QUESTION 5
What is the dollar denomination associated with the financial statements?
Millions
Thousands
Hundreds
Ones

QUESTION 6
The company has discontinued operations for fiscal 2014?
True
False

QUESTION 7
How much is the Net Income or Net Loss for fiscal 2014? (Record your answer in millions and be sure to put negative sign in front of a negative number, for instance if the answer is -4,500 million, you would type -4500.)

QUESTION 8
How much is Target's Cash Provided by Operating Activities that will continue for fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would typoe 4500.)

QUESTION 9
Online sales are recognized based on FOB Destination.
True
False

QUESTION 10
How much did Target REDcard customers save in fiscal 2014? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.)

QUESTION 11
During the fourth quarter of 2013, Target experienced a Data Breach in which payment card information was stolen. What is the amount of the pre-tax net expense for the Data Breach that Target recorded in fiscal 2014? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.)

QUESTION 12
Where did Target classify the Data Breach related expenses on the income statement?
COGS
SG&A
Credit Card Expenses
Net Interest Expense

QUESTION 13
How much is Target's net interest expense for fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

QUESTION 14
How much did Target declare in dividends during fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

QUESTION 15
How much did Target pay in dividends during fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

QUESTION 16
The company reports Comprehensive Income on one continuous statement of income and comprehensive income.
True
False

QUESTION 17
Pension and other benefits liabilities are some of the items listed as part of OCI.
True
False

QUESTION 18
What other statement presents the information on changes in equity due to OCI items reported?
Statement of Operations
Statement of Financial Position
Statement of Cash Flows
Statement of Shareholders' Investment

QUESTION 19
What is the amount for OCI for 2014? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.)

QUESTION 20
The company record a change in accounting principle for fiscal 2014.
True
False

QUESTION 21
The company reports Cash & Cash Equivalents on their balance sheet. How much does Target classify as "Cash Equivalents" for fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

QUESTION 22
What inventory method does the company use?
Specific identification
Average
FIFO
LIFO

QUESTION 23
At fiscal year-end, the company values their inventory at....
Lower of cost or market
Market
FIFO Cost
LIFO Cost

QUESTION 24
What depreciation method does the company use for PPE?
Activity based
Double Declining Balance
Straight Line
Sum of Years Digits

QUESTION 25
How much did Target incur for depreciation and amortization expense in fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

QUESTION 26
How much cash did Target receive from the disposal of property and equipment during fiscal 2014? (Record your answers in millions, for instance if the answer is 30 million, you would type 30.)

QUESTION 27
How much did Target incur in impairments of long-lived assets for 2014? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.)

QUESTION 28
The company incurred impairments to goodwill in fiscal 2014.
True
False

QUESTION 29
How much is Target's Gift Card Liability at the end of fiscal 2014? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.)

QUESTION 30
How much are Target's purchase obligations at the end of fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

QUESTION 31
How much of Target's purchase obligations are due within less than 1 year? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.)

QUESTION 32
According to Moody's, what is Target's credit rating for Long-term Debt at the time of this report?

QUESTION 33
How much is the carrying value of Target's long-term debt at the end of fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

QUESTION 34
How much is Target's long-term debt (principal only not carrying value) at the end of fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

QUESTION 35
How much of Target's long-term debt (principal only) is considered current? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

QUESTION 36
Target's contractual obligation for interest payment's associated with long-term debt recorded as a liability on the balance sheet.
True
False

QUESTION 37
How much is Target's contractual obligation for interest payment's associated with long-term debt at the end of fiscal 2014? (Record your answer in millions, for instance if the answer is 4,500 million, you would type 4500.)

QUESTION 38
How much is Target's contractual obligation for interest payment's associated with long-term debt is due within the next year? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.)

QUESTION 39
How much debt did Target repurchase during the first quarter of 2014? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.)

QUESTION 40
How much loss did Target incur on early retirement of debt in fiscal 2014? (Record your answer in millions, for instance if the answer is 30 million, you would type 30.)

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92591882
  • Price:- $30

Priced at Now at $30, Verified Solution

Have any Question?


Related Questions in Accounting Basics

Question what discoveries have you made in your research

Question: What discoveries have you made in your research and how does this information inform your ability to evaluate effective coaching and its impact on organizations? Consider these guiding questions: 1. What core c ...

Question requirement 1 read the article in below attachment

Question: Requirement: 1. Read the article in below attachment, and answer the questions in a paper format. Read below requirements before your writing! 2. Not to list the answers, and you should write as a paper format. ...

Question as a financial consultant you have contracted with

Question: As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You have agreed to provide a detailed report ill ...

Question the following information is taken from the

Question: The following information is taken from the accrual accounting records of Kroger Sales Company: 1. During January, Kroger paid $9,150 for supplies to be used in sales to customers during the next 2 months (Febr ...

Assignment 1 lasa 2-capital budgeting techniquesas a

Assignment 1: LASA # 2-Capital Budgeting Techniques As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You ha ...

Assignment 2 discussion questionthe finance department of a

Assignment 2: Discussion Question The finance department of a large corporation has evaluated a possible capital project using the NPV method, the Payback Method, and the IRR method. The analysts are puzzled, since the N ...

Question in this case you have been provided financial

Question: In this case, you have been provided financial information about the company in order to create a cash budget. Management is seeking advice or clarification on three main assumptions the company has been operat ...

Question 1what step in the accounting cycle do adjusting

Question: 1. What step in the accounting cycle do Adjusting Entries show up 2. How do these relate to the Accounting Worksheet? 3. Why are they completed at the end of each accounting period? The response must be typed, ...

Question is it important for non-accountants to understand

Question: Is it important for non-accountants to understand how to read financial statements? If you are not part of the accounting/finance function in a business what difference would it make? The response must be typed ...

Question refer to the hat rack cash flow statement 2002 in

Question: Refer to the Hat Rack Cash Flow Statement, 2002 in the text on page 17. Answer the following questions and submit to me via Canvas by the due date. 1. Cash flow from operations? 2. Cash flow from investing? 3. ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As