The financial statements of Marks and Spencer plc (M&S) are available at the books com- panion website or can be accessed at http://annualreport.marksandspencer.com/_assets/downloads/Marks- and-Spencer-Annual-report-and-financial-statements-2012.pdf. Instructions Refer to M&Ss financial statements and the accompanying notes to answer the following questions. (a) Give two examples of where historical cost information is reported in M&Ss financial state- ments and related notes. Give two examples of the use of fair value information reported in either the financial statements or related notes. (b) How can we determine that the accounting principles used by M&S are prepared on a basis con- sistent with those of last year? (d) WhatisM&Ssaccountingpolicyrelatedtorefundsandloyaltyschemes?WhydoesM&Sinclude the accounting for refunds and loyalty schemes in its critical accounting estimates and judgments