Match each statement to the item listed below.
-Section in the annual report that highlights favorable or unfavorable trends and significant risks facing the company
A)Audit report
B)Fiscal year
C)Financial statements
D)Management's discussion and analysis
E)Notes to the financial statements

Question

Quizplus · Accepted Answer

Management's discussion and analysis typically includes information about trends and risks facing the company. The audit report is a separate section that evaluates the accuracy of the financial statements. The fiscal year refers to the 12-month period for which the financial statements are prepared. The financial statements themselves provide information about the company's financial performance, and the notes to the financial statements provide additional details and explanations about specific line items or disclosures.

Match Each Statement to the Item Listed Below