The required report or statements in the general purpose federal financial report that addresses forward-looking information regarding the possible effects of currently known demands,risks,and uncertainties,and trends in the federal entity is (are):
A)Basic statements.
B)Required supplemental information.
C)Management discussion and analysis.
D)Related notes to the financial statements.

Question

Quizplus · Accepted Answer

Management discussion and analysis (MD&A) is the section of the general purpose federal financial report that provides forward-looking information regarding the possible effects of currently known demands, risks, and uncertainties, as well as trends in the federal entity. It presents an analysis of the financial performance and condition of the agency, providing readers with insight into the entity's past performance, its current financial condition, and future prospects. The MD&A also provides a discussion of the agency's budgetary performance and other factors that may affect its operations in the future.

The Required Report or Statements in the General Purpose Federal