Posted by & filed under Accounting Principles, Financial Reporting and Analysis.

Description: One year ago Target announced the end of its short-lived Canadian experiment and quickly exited the country. But landlords, suppliers and other creditors are still waiting to find out how much they might recover. Creditors could be waiting for months to hear the answer.

Source: Globeandmail.com

Date: January 14, 2016

Link: http://www.theglobeandmail.com/report-on-business/a-year-after-target-bolted-canada-creditors-still-face-uncertainty/article28199218/

Discussion Points:

1) Why does it take so long for creditors to get paid in such a matter?

2) If you were a creditor of Target’s, how would you disclose this matter in your annual report?

3) How would you calculate a provision for the amount owed by Target if you were a creditor?

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