17. Which of the following is true about the managements discussion and analysis (MD&A)? a. It is...

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17. Which of the following is true about the management’s discussion and analysis (MD&A)?

a. It is an optional addition to the comprehensive annual financial report, but the GASB encour¬ ages its inclusion.

b. It adds a verbal explanation for the numbers and trends presented in the financial statements.

c. It appears at the very end of a government’s comprehensive annual financial report.

d. It replaces a portion of the fund-based financial statements traditionally presented by a state or local government.

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Advanced Accounting

ISBN: 9780073379456

9th Edition

Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle

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Question Posted: Jul 23, 2024 06:05 AM

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17. Which of the following is true about the managements discussion and analysis (MD&A)? a. It is...

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Advanced Accounting

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