A study of discretionary accounting accruals found that abnormal accruals in the year prior to reporting covenant violations: 31 Multiple Choice 0.5 points 00:56:52 significantly decreased the company's current ratio but significantly increased the company's reported earnings. References significantly decreased the company's net worth. O significantly increased reported earnings and increased working capital. significantly increased reported earnings and decreased working capital. Information about a company's executive compensation practices can be found in a company's: 35 Multiple Choice 0.5 points 8 00:55:05 annual report. References O form 10-K. proxy statement form 10-Q Compensation incentives that motivate and reward executives for three to seven years of growth and prosperity are called: 37 Multiple Choice 0.5 points 00:54:30 base salaries. References short-term incentives. O long-term incentives. executive compensation packages. Which of the following is not an accurate statement regarding the compensation committee? 38 Multiple Choice 0.5 points 00:53:32 It selects the performance metrics used. References It may adjust a calculated award up or down at its discretion. It is comprised of both internal and external directors. O It selects the annual or multiyear performance goals