A study examining how incentives arising out of debt contracts affect managers' accounting choices found that the most common violations of accounting-based covenants occurred with

Name: A study examining how incentives arising out of debt contracts affect managers' accounting choices found that the most common violations of accounting-based covenants occurred with
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Question

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The study found that violations of accounting-based covenants were most common in relation to net worth and working capital restrictions.

A Study Examining How Incentives Arising Out of Debt Contracts