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 rep...

a MS shows Intangible Assets on the statement of financi ...

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

Question:

The of M&S (GBR) are presented in Appendix A. The company's complete annual report, including the notes to the is available online.
Instructions
Refer to M&S's and the accompanying notes to answer the following questions.
a. Does M&S report any and in its and accompanying notes? Briefly explain.
b. How much selling and administrative expenses does M&S report in 2015 and 2016? Briefly discuss the significance of these expenses to M&S's operating results.
Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of... Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented... 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...