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4. Inventories 5. Accounts payable 6. Prepaid expense 7. Retained earnings 8. Subsequent events 9. Current ratio 10.Cash equivalents Carter Appliances is preparing its annual

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4. Inventories 5. Accounts payable 6. Prepaid expense 7. Retained earnings 8. Subsequent events 9. Current ratio 10.Cash equivalents Carter Appliances is preparing its annual report for the current fiseal year. The ny's controller has asked for your help in determining how best to disclose in formation about Problem 2 - the following items: I. A subsequent event 2. Inventory costing method. 3. Composition of accrued liabilities. 4. Useful lives of depreciable assets 5. Information on long-term leases. 6. Allowance for uncollectible accounts. 7. Revenue recognition policy 8. Pension plans cant Required: Indicate whether the above items should be disclosed (a) in the summary of signifi accounting policies note, (b) in a separate disclosure note, or (c) on the face of the balance sheet

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