Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

تمرين 62

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 encourages 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 financial statements traditionally presented by a state or local government.