GASB No 34 Makes Which of the Following Statements Regarding Management's

GASB No. 34 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.