Business, 08.10.2019 00:10 Mathmatician22
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.
Answers: 2
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Parkman sporting goods is preparing its annual report for its 2021 fiscal year. the company’s contro...
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