All of the following statements about management's discussion and analysis that accompanies financial statements are true,except:
A) it is restricted to a discussion and analysis of the historical data presented in the financial statements
B) it provides management with the opportunity to explain in narrative form its current financial situation and future prospects
C) it is useful because top management is in the best position to know how well the company is performing
D) it helps investors and creditors interpret the financial statements

Question

Quizplus · Accepted Answer

Management's discussion and analysis is not restricted to a discussion of historical data but also includes future prospects and plans for the company.

All of the Following Statements About Management's Discussion and Analysis