Target, Inc

question 100

Essay

Target, Inc., started the year with total assets of $400,000 and total liabilities of $240,000.Net income for the year is $120,000 and dividends declared and paid during the year are $90,000.
A) What is the amount of Target's total stockholders' equity at the end of the year?
B) Could Target have paid additional dividends during the year? Explain your answer.

• A) What is the amount of Target's total stockholders' equity at the end of the year?
• B) Could Target have paid additional dividends during the year? Explain your answer.

---

Definitions:

Validity Scales

Measures used in psychological testing to assess the truthfulness or consistency of the test-taker's responses.

MMPI-2

The Minnesota Multiphasic Personality Inventory-2, a comprehensive psychological test that assesses personality traits and psychopathology.

Genetically Inherited

Traits or conditions that are passed from parents to offspring through genes, including physical characteristics and susceptibility to certain diseases.

Traits

Enduring characteristics or qualities of an individual’s personality that are consistent across different situations and over time.