Business Applications Case Understanding real-world annual reports
Required
Use the Target Corporation’s annual report in Appendix B to answer the following questions.
Note that net income and net earnings are synonymous terms.
a.Which accounts on Target’s balance sheet are accural type accounts?
b. Which accounts on Target’s balance sheet are deferral type accounts?
c. Compare Target’s 2009 net earnings to its 2009 cash provided by operating activities. Which is larger?
d. First, compare Target’s 2008 net earnings to its 2009 net earnings. Next, compare Target’s 2008 cash provided by operating activities to its 2009 cash provided by operating activities. Which changed the most from 2008 to 2009, net earnings or cash provided by operating activities?
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