问题
单项选择题
An analyst does research about financial reporting quality. An incentive for a company's management reporting lower earnings is least likely to:（）
A. remain in compliance with lending covenants.
B. obtain trade relief in the form of quotas or protective tariffs.
C. negotiate favorable terms from creditors.
答案
参考答案：A
解析：
本题考查的是财务报告质量(financial reporting quality)中管理层操纵盈利的动机。管理层试图提高净利润的动机包括：
·Meet earnings expectations.(实现盈利目标。)
·Remain in compliance with lending covenants.(遵守贷款合约。)
·Receive higher incentive compensation. (获得更高的激励性薪酬。)
管理层试图降低净利润的动机包括：
·Obtain trade relief in the form of quotas or protective tariffs.(获得贸易限额或者保护性关税。)
·Negotiate favorable terms from creditors.(获得债权人给予的优惠性条款。)
·Negotiate favorable labor union contracts.(从工会取得优惠的劳动条款。)