The financial statements of M&S (GBR) are presented in Appendix A. The companys complete annual report, including

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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 Refer to M&S’s financial statements and the accompanying notes to answer the following questions.

(a) Does M&S report any intangible assets and goodwill in its financial statements and accompanying notes? Briefly explain.

(b) How much selling and administrative expenses does M&S report in 2012 and 2013? Briefly discuss the significance of these expenses to M&S’s operating results.

Data From Appendix A 

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Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

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

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