Financial Reporting Problem Marks and Spencer plc (M&S) The financial statements of M&S (GBR) are presented in

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Financial Reporting Problem Marks and Spencer plc (M&S) The financial statements of M&S (GBR) are presented in Appendix A. The company’s complete annual report, including the notes to the financial statements, is available online.

Instructions

(a) What were M&S’s total assets at March 30, 2013? At March 31, 2012?

(b) How much cash (and cash equivalents) did M&S have on March 30, 2013?

(c) What were M&S’s selling and administrative expenses in 2013? In 2012?

(d) What were M&S’s revenues in 2013? In 2012?

(e) Using M&S’s financial statements and related notes, identify items that may result in adjusting entries for prepayments and accruals.

(f) What were the amounts of M&S’s depreciation and amortization expense in 2012 and 2013?

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Related Book For  book-img-for-question

Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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