The income statement,statement of retained earnings,and the balance can all be prepared directly from the Management's Discussion and Analysis.

Question

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The Management's Discussion and Analysis provides context and analysis of the financial statements but does not contain the actual financial data needed to prepare the income statement, statement of retained earnings, and balance sheet. The financial data is typically found in the company's financial statements or general ledger.

The Income Statement,statement of Retained Earnings,and the Balance Can All