Reference no: EM131592739

Question: The financial statements of Marks and Spencer plc (M&S) are available at the book's companion website.

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

(a) What amounts relative to income taxes does M&S report in its:

(1) 2012 income statement?

(2) 31 March 2012 statement of financial position?

(3) 2012 statement of cash flows?

(b) M&S's provision for income taxes in 2011 and 2012 was computed at what effective tax rates? (See the notes to the financial statements.)

(c) How much of M&S's 2012 total provision for income taxes was current tax expense, and how much was deferred tax expense?

(d) What did M&S report as the significant components (the details) of its 31 March 2012 deferred tax assets and liabilities?