Which of the Following Statements Concerning the Management Discussion and Analysis

question 49

Multiple Choice

Which of the following statements concerning the management discussion and analysis (MD&A) of a company's financial condition is true?
I.It should cover the financial statements and other statistical data for the most recent three-year time span.
II.It should make year-to-year comparisons of material changes in the line items.
III.Management need not explain the cause(s) of the material changes.
IV.Disclosure of material off-balance sheet transactions,arrangements,and obligations is required in each annual and each quarterly report.

• A)I,II,and IV
• B)II and III
• C)I,III,and IV
• D)I,II,III,and IV

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Definitions:

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