20). a financial covenant would stipulate all yhe following except: a). financial statements musy be prepared in accordance with GAAP b). specific level of performance tp be met c). which accounting methods are to be used d). conditions that must be met

22). which accounting choice would not be used to reduce the likelihood of a technical default? a). bad debt provisions b). when to sell assets c). inventory valuation method d). management compensation plans

24). firms must provide detailed disclosure of three broad executivepay categories. which of the following is not one of these categories? a). retirement and other postemployment compensation b). costs incurred by the corporation for exective travel, entertainment, and other expense account receivable items c). compensation for the fiscal year and the two preceding years. d). holdings of equity related interests that relate to compensation.

26). a clawback provision in an employment contracts: a). requires manangers to become more conservative in their business decisin making b). requires managers to respond to compensation committee requests for information c).requires managers to return business received in the event of a financial statement restatement d). requires managers to refrain from making discretionary accurals

yes. answer question 20, 22, 24 and 26

19 The widespread of accounting based in sed incentives for recutive compation is controversial for w for A earnings Browth does not automatic increashareholder h C) cutives cannot use their discretion over the contine peces m endont have noge at would typically site of the tollowing except: Al financial statements must be prepared in accordance with GAP 8) specific levels of performance to be met Ci which accounting methods are to be used D) conditions that must be met 21) with a loan collateralized by receivables, A) the bank makes the loan without recourse B) the bank has recourse against the accounts receivable customers. C) a company receives cash and is not responsible for repaying the loan. D) a company receives cash and is responsible for repaying the loan. 22) Which accounting choice would not be used to reduce the likelihood of a technical default? A) Bad debt provisions B) When to sell assets C) Inventory valuation method D) Management compensation plans 23) Studies seem to suggest that management tends to make accounting changes and/or manipulate discretionary accruals to: A) enhance technical defaults B) eliminate debt covenants. C) violate debt covenants Davoid violation of debt covenants. 24) Firms must provide detailed disclosure of three broad executive pay categories. Which of the follo not one of these categories? A) Retirement and other postemployment compensation B) Costs incurred by the corporation for executive travel, entertainment, and other "expense ac items C) Compensation for the last fiscal year and the two preceding years D) Holdings of equity-related interests that relate to compensation