The Inclusion of MD&A (Management Discussion and Analysis) in Annual

question 19

Multiple Choice

The inclusion of MD&A (Management Discussion and Analysis) in annual reports is required by the

• A) FASB.
• B) AICPA.
• C) SEC.
• D) APB.

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Definitions:

Compounded Quarterly

A method of calculating interest where the interest is added to the principal balance four times a year.

Extinguish

To put an end to something, such as a debt or obligation, by payment or other settlement.

Payment

The act of transferring money or other valuable items in exchange for goods, services, or to fulfill a contractual obligation.

Compounded Semi-annually

Refers to the process where the interest earned on an investment is calculated and added to the principal amount every six months.