Reference no: EM132534713

Question 1: Identifying and Classifying Balance Sheet and Income Statement Accounts Following are selected accounts for Target Corporation, for the fiscal year ended January 30, 2016..

a. Indicate whether each account appears on the balance sheet (B) or income statement (1).

b. Using the following data, compute total assets and total expenses.

Amount Classificatica $ millions

Total revenues $73,785

Accrued liabilities 4,236

Depreciation and amortization expense. 2,213

Retained earnings 8,188

Net income. 3,363

Property, plant, and equipment, net Selling, general, and administrative expense. 25,217

Inventory. 14,665

Total liabilities 8,601

Total stockholders' equity    27,305

12,957