Which of the Following Is True Regarding Management's Discussion and Analysis

question 56

Multiple Choice

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

• A) MD&A is not considered part of Required Supplementary Information (RSI).
• B) MD&A takes the place of footnotes.
• C) MD&A should present an analysis of significant variations between the original and final budget.
• D) All of the above are true.

---

Definitions:

Open Interest

the total number of outstanding derivative contracts, like futures or options, that have not been settled.

Futures

Legal agreements that compel the purchaser to buy, or the seller to dispose of, an asset at an agreed price and date in the future.

Pounds

The currency unit of the United Kingdom, also known as the British pound sterling, used as a medium of exchange.