Which of the following can be found in the 'Summary of Significant Accounting Policies'?

The 'Summary of Significant Accounting Policies' section provides a concise overview of the key accounting policies that a company employs in preparing its financial statements. This includes various aspects crucial for understanding how financial results are determined and reported.

In the context of this question, the inclusion of income taxes and the treatment of common stocks of wholly owned US subsidiaries falls squarely within accounting policies. This section often outlines how income taxes are accounted for, including methods for recognizing tax liabilities and deferred tax assets. It also addresses how investments in subsidiaries are reported on the balance sheet and the valuation methodology for common stocks.

While liabilities and future financial projections, asset valuation methodologies, and management’s discussion and analysis play significant roles in financial reporting, they pertain to different sections of financial statements. Liabilities are typically detailed in the liabilities section of the balance sheet, future financial projections belong to supplementary information but are not part of standard accounting policy disclosures, asset valuation methodologies can vary and are usually discussed in the notes to the financial statements rather than a summary of significant policies, and management’s discussion and analysis serves a different purpose, focusing on narrative insights rather than specific accounting policy delineations.