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7. GASB Codification Section 2200.106-107 makes Which of the following statements regarding Management's Discussion and Analysis? A. MD&A is required only for Proprietary Fund Financial

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7. GASB Codification Section 2200.106-107 makes Which of the following statements regarding Management's Discussion and Analysis? A. MD&A is required only for Proprietary Fund Financial Statements. B. MD&A is required for all state and local government financial statements. C. MD&A is only required for comprehensive annual financial reports. D.MD&A for state and local government financial statements must include an analysis of potential, untapped revenue sources. E. MD&A is an optional inclusion for state and local government financial statements

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