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 2018 and 2019? Briefly discuss the significance of these expenses to M&S’s operating results.

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Related Book For  book-img-for-question

Intermediate Accounting IFRS

ISBN: 9781119607519

4th Edition

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

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