Question

Target Corporation prepares its financial statements according to U.S. GAAP. What amount does Target report for net property and equipment for the year ended February 3, 2018?

a) [Specific amount]
b) Not specified
c) Varies annually
d) Refer to investor relations link

Answer 1

Target Corporation reports a specific amount for net property and equipment for the fiscal year ended February 3, 2018, in their annual report, in compliance with U.S. GAAP standards.

Step-by-step explanation:

The amount reported by Target Corporation for net property and equipment for the year ended February 3, 2018, is a specific figure that can be found in the company's annual report. This figure is disclosed in the balance sheet under the section 'Property and Equipment, net'. Since the student requests data related to a particular fiscal year, the amount is indicative of the value of property and equipment after accounting for depreciation and any impairments, as per U.S. GAAP standards.