Which of the Following Topics Is Not Required by the Securities

question 104

Multiple Choice

Which of the following topics is not required by the Securities and Exchange Commission to be included in the Management Discussion and Analysis section?

• A)liquidity
• B)summary of significant accounting policies
• C)capital resources
• D)off balance sheet arrangements

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Definitions:

Standard-Form Note

A preprinted agreement where terms and conditions are set by one party, with little or no negotiation with the other party, often used in financial transactions.

Credit Union

A member-owned financial co-operative that offers similar banking services as banks, but profits are returned to members in the form of lower loan rates and higher savings rates.

Federally Insured

Federally Insured refers to financial deposits or products protected by a federal agency, such as the FDIC, against loss up to a certain limit.

Drawee

The party, often a bank, that is directed to pay a certain amount of money to the person presenting the check or draft as stated on the financial document.