Problem:
Access the most recent GAP Inc Form 10-K or Annual Report. (Please follow the below link)
Analyze and examine the company's financial statements and derivative footnote. Based on your analysis, create a 2- to 3-page report in a Microsoft Word document, that includes answer to the following questions:
- How is the information related to the company's derivatives presented?
- What types of derivatives does the company uses?
- Why the company uses derivative instruments?
- What is the amount of income or loss recognized in the income statement related to derivatives?
- Does the company have any derivative contracts that do not meet hedge accounting criteria? If so, what are they?
Support your responses with appropriate reasoning and examples.
Cite any sources in APA format.
https://investors.gapinc.com/phoenix.zhtml?c=111302&p=irol-sec&seccat01.1_rs=11&seccat01.1_rc=10&x=28&y=19