单选题
The Management Discussion and Analysis(MD&A) portion of the financial statements: A. is not required by the SEC. B. includes audited disclosures that help explain the information summarized in the financial statements. C. includes such items as discontinued operations, extraordinary items, and other unusual or infrequent events.
【正确答案】
C
【答案解析】The MD&A provides an assessment of the financial performance and condition of the company from the perspective of the company and is required by the SEC. It includes many areas including such items as discontinued operations, extraordinary items, and other unusual or infrequent events. The MD&A is typically not audited. The statement of comprehensive income reports the change in equity from transactions and from non-owner sources.