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Would managers who have negotiated debt contracts

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Problem 1: Would managers who have negotiated debt contracts with accounting-based covenants based around 'rolling GAAP' be relatively more likely to lobby an accounting standard-setter about a proposed accounting standard than would a manager from a firm who has negotiated accounting-based debt covenants that use 'frozen GAAP'? Why or why not?

Reference no: EM132620133

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