Question
Which of the following is true regarding Management's Discussion and Analysis (MD&A)? a. MD&A should provide an objective analysis of the financial activities based on
Which of the following is true regarding Management's Discussion and Analysis (MD&A)?
a. MD&A should provide an objective analysis of the financial activities based on currently known facts, decisions, or conditions
b. MD&A should disclose total assets and liabilities for all substantial component units.
c. Management should provide a cash flow projection for at least three consecutive fiscal years in MD&A
d. MD&A is optional for city governments
e. MD&A is the final element of the introductory section of the comprehensive annual financial report (CAFR)
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