Some financial analysts contend that reporting debt at amortized historical cost rather than current market value
A)makes it more difficult to manipulate accounting numbers.
B)makes it easier to manipulate accounting numbers.
C)has no impact on the accounting numbers.
D)makes it impossible to manipulate the accounting numbers.

Question

Quizplus · Accepted Answer

Reporting debt at amortized historical cost rather than current market value can make it easier to manipulate accounting numbers because it may not reflect the true market conditions or the current value of the debt, allowing for potential manipulation in how the debt is presented in financial statements.

Some Financial Analysts Contend That Reporting Debt at Amortized Historical