Problem

Which of the following kinds of information would not be provided by management’s discussi...

Which of the following kinds of information would not be provided by management’s discussion and analysis (MD&A)?

A. A narrative explanation of the contents of the CAFR.

B. A description of the government’s financial condition.

C. A forecast of revenues and expenditures for the next three fiscal years.

D. A discussion of economic factors and the budget and tax rates approved for the next year.

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