Business Application Case Understanding real-world annual reports
Use the Target Corporation’s annual report in Appendix B to answer the following questions.
Required
a.Instead of “Cash,” the company’s 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 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?
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