单选题 The Management Discussion and Analysis (MD&A) portion of the financial disclosure is required to discuss all of the following EXCEPT: A. expected effects of marketplace events. B. capital resources and liquidity. C. a general business overview based on known trends.

【正确答案】 A

【答案解析】The MD&A portion of the financial disclosure is required to discuss results of operations, capital resources and liquidity and a general business overview based on known trends. A discussion of expected effects of marketplace events may voluntarily be included by a firm, but is not required in the MD&A portion.