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:

Meta-Communication

Communication about communication, referring to the ways in which individuals convey how their messages should be interpreted.

Semantics

The branch of linguistics concerned with the meaning of words, phrases, and sentences.

Language Routines

Repeated patterns or sequences of language used in communication, often unconsciously, that serve specific social functions.

Verbal

Relating to or in the form of words, especially spoken communication.