Problem:
Compare the GAAP and economic balance sheets.
For: TARGET
Using the GAAP balance sheet, for each item, determine where it should be classified in the economic balance sheet (i.e., core operations, nonoperating net assets, debt claims, other capital claims, or equity claims). Create a two-column table in Word to show the corresponding accounts.
Determine whether any other items should appear on the economic balance sheet that is not on the GAAP balance sheet.
Determine if information exists in the annual report or elsewhere that can assist in valuing the nonoperating net assets, debt, and other capital claims.