For each of the following note disclosures, indicate whether the disclosure would likely appear in (a) the summary of significant accounts policies or (b) a separate note.

1. the depreciation method

2. contingency information

3. significant issue of common stock after the fiscal year end

4. cash equivalent designation

5. long-term debt information

6. inventory costing method

1. The Depreciation Method  : this will appear in the summary of significant accounts policies

2. Contingency information  : this will appear in a separate note.

3. Significant issue of common stock after the fiscal year end  : this will appear in a separate note.

4. Cash equivalent designation  :this will appear in a separate note.

5. Long-term debt information  : this will appear in a separate note.

6. Inventory costing method : this will appear in the summary of significant accounts policies

Explanation:

one of the disadvantages of getting a government sponsored mortgage is they put a limit on the purchase price of the house. because the government is in charge of the mortage loan and terms, they are able to control how much money they are allowing someone to take out for the loan. not only are they incontrol, it's a lengthy process for a government sponsored mortgage.