Incial statements, (b) in the notes to the financial statements, or (c) as supplementary information. 27. In January 2021, Janeway Inc, doubled the amount of its outstand- ing stock by selling on the market an additional 10,000 shares to finance an expansion of the business. You propose that this information be shown by a footnote on the balance sheet as of December 31, 2020. The president objects, claiming that this sale took place after December 31, 2020, and therefore should not be shown. Explain your position. 28. Describe the major constraint inherent in the presentation of ac- counting information. 29. What are some of the costs of providing accounting information? What are some of the benefits of accounting information? Describe the cost-benefit factors that should be considered when new account- ing standards are being proposed. 30. The treasurer of Landowska Co. has heard that conservatism is a that is followed in accounting and therefore, proposes that What are conservative in nature. State your listed