2.99 See Answer

Question: Which of the following is true about

Which of the following is true about the management’s discussion and analysis (MD&A)?
a. It is an optional addition to the comprehensive annual financial report, but GASB encourages its inclusion.
b. It adds a verbal explanation for the numbers and trends presented in the financial statements.
c. It appears at the very end of a government’s comprehensive annual financial report.
d. It replaces a portion of the fund financial statements traditionally presented by state and local governments.


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