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Financial Reporting Problem Marks and Spencer pic (M&S) The financial statements of M&S are presented in Appendix 5B or can be accessed at the book’s companion website, www.wiley.comlcollege/kiesoifrs. Instructions Refer to M&S’s financial statements and the accompanying notes to answer the following questions. (a) What cash outflow obligations related to the repayment of long-term debt does M&S have over the next 5 years?

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