The balance sheet should be prepared a. after the income statement and the statement of owner's equity b. before the income statement and the statement of owner's equity c. before the income statement and after the statement of owner's equity d. after the income statement and before the statement of owner's equity

The answer is D.

Explanation:

The balance should always be prepared after income statement (profit or loss and other comprehensive income statement) because profit for the year(net income) is a line item under balance sheet. It is under equity in balance sheet and it must be known for balance sheet to be prepared.

It is prepared before statement of owner's equity because it tells us how the equity, retained earnings in the balance has changed during the period or between current and prior year.

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.