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Business, 22.03.2021 20:30 chrissy5189

In February 2016, the FASB issued ASU No.2016-02, Leases, to requires organizations that lease assets to recognize the rights and obligations created by those leases on the balance sheet. The new standard is effective in 2019. If Target had used the new lease accounting guidance in its fiscal 2017 (February 3, 2018) financial statements, what would be the amount reported as a liability for its leases, operating and capital (finance) combined [rounded to the nearest $million]

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