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Which of the following is true regarding Managements Discussion and Analysis (MD&A)? Multiple Choice MD&A should provide an objective analysis of the financial activities based

Which of the following is true regarding Managements Discussion and Analysis (MD&A)?

Multiple Choice

MD&A should provide an objective analysis of the financial activities based on currently known facts, decisions, or conditions.
MD&A should disclose total assets and liabilities for all substantial component units.
Management should provide a cash flow projection for at least three consecutive fiscal years in MD&A.
MD&A is optional for city governments.

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