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The debt covenants in TCBY's loan agreement do not explicitly mention the accounting methods that must be used when it prepares financial statements...

The debt covenants in TCBY's loan agreement do not explicitly mention the accounting methods that must be used when it prepares financial statements for submission to the lender. Why don't lenders require the use of specific accounting methods rather than letting management pick from among GAAP alternatives?
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Accounting - 8367626.doc

The debt covenants in TCBY’s loan agreement do not explicitly mention the accounting methods
that must be used when it prepares financial statements for submission to the lender. The
management...

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