In 2015,the Target Corporation Had $12 Billion in Bonds Outstanding

question 74

Multiple Choice

In 2015,the Target Corporation had $12 billion in bonds outstanding.This means that the Target Corporation

• A) was making a loss of $12 billion in 2015.
• B) was due $12 billion from the owners of those bonds.
• C) owed less than $12 billion to the owners of those bonds.
• D) owed more than $12 billion to the owners of those bonds.
• E) owed $12 billion to the owners of those bonds.

Understand the fundamental principles of accounting, including the going concern assumption and the business entity assumption.

Identify which accounts contribute to the calculation of net income and understand how different transactions affect it.

Analyze and calculate changes in equity from given financial information.

Comprehend the structure, purpose, and components of the income statement and its relationship with revenues, expenses, and net income.

---

Definitions:

Performance Standards

Explicit benchmarks or expectations set for tasks or job roles to measure the quality and efficiency of work.

Key Dimensions

Fundamental aspects or factors that contribute to the evaluation or analysis of a particular subject or phenomenon.

Productivity, Quality

Measures of efficiency and excellence in the performance of tasks and delivery of services or products.

Timeliness, Cost

Refers to the balance between completing tasks or delivering services promptly and managing the expenses involved efficiently.