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Prepare a summary journal entry that records target tax

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Question 1: Target Corporation prepares its financial statements according to U.S. GAAP. Target Is financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material also is available under the Investor Relations link at the company

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Problem 1. From the income statement, determine the income tax expense for the year ended February 3, 2018. Tie that number to the second table in disclosure Note 23, Provision for Income Taxes and prepare a summary journal entry that records Target  tax expense from continuing operations for the year ended February 3, 2018.

Reference no: EM132465709

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