Calculate the present value of each type of lease

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Reference no: EM133434200

Question: Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended February 1, 2020, are available here. This material is also available under the Investor Relations link at the company's website . Target leases most of its facilities.

Required:

Refer to disclosure note 17 following Target's financial statements. Find the schedule showing the lease payments over the next five years and beyond. What are the total lease payments for operating leases and finance leases? What are the present values of those lease payments for each type of lease? What accounts for the difference between the two amounts?

What are the weighted average discount rates used to calculate the present value of each type of lease?

Does Target report its lease liabilities for the total amount of the lease payments or the present value of those lease payments?

Reference no: EM133434200

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