The financial statements of M&S (GBR) are presented in Appendix A. The company's complete annual report, including
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a. What were M&S's total assets at April 2, 2016? At March 28, 2015?
b. How much cash (and cash equivalents) did M&S have on April 2, 2016?
c. What were M&S's selling and administrative expenses in 2016? In 2015?
d. What were M&S's revenues in 2016? In 2015?
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 2015 and 2016?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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