The Management Discussion and Analysis (MD&A) Section of the Annual

question 164

Multiple Choice

The management discussion and analysis (MD&A) section of the annual report covers all of the following aspects except the

• A)ability of the company to pay near-term obligations.
• B)certification criteria of the company's auditors.
• C)company's ability to fund operations and expansion.
• D)results of the company operations.

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Definitions:

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Net Worth

The value of all assets a person or corporation owns, minus the liabilities they owe; a measure of financial health.

Liabilities

A debt owed by a business to another organization or individual.

Assets

Resources owned by a business or individual that have economic value and can provide future benefits.