请解释一下A选项

问题如下：

Which of the following situations will most likely motivate managers to inflate earnings in the current period?

选项：

A.

Possibility of bond covenant violation

B.

Earnings in excess of analysts’ forecasts

C.

Earnings that are greater than the previous year

解释：

A is correct.

The possibility of bond covenant violations may motivate managers to inflate earnings in the current period. By inflating earnings in the current period, the company may be able to avoid the consequences associated with violating bond covenants.

解析：这个题问的是下面哪个选项是管理层有动机做高公司的当期利润。有的债券条款要求利润率保持在某个值之上，如果利润太低就相当于违反了条款，所以有动机做高利润。