Parkman sporting goods is preparing its annual report for its 2021 fiscal year. the company’s controller has asked for your in determining how best to disclose information about the following items:
(1) a related party transaction
(2) depreciation metods
(3) allowance for uncollectible account
(4) composition of investment
(5) composition of long-term debt

required: indicate whether the above items should be disclosed (a) in the summary of significant accounting policies note, (b) in a separate disclosure note, or (c) on the face of the balance sheet.

As per the rules for preparation of financial statements by IASB (international accounting standards board) are the answers:

1)a related party transaction (B) in a separate disclosure note,

2)depreciation metods (A) in the summary of significant accounting policies note

3) allowance for uncollectible account (B) in a separate disclosure note

4) composition of investment  (B) in a separate disclosure note

5) composition of long-term debt (C) on the face of the balance sheet.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answera major piece of legislation affecting the financial industry and containing significant privacy provisions for individuals;