Gramlich, Jeffrey D.; Mayew, William J.; McAnally, Mary Lea - In: Journal of Business Finance & Accounting 33 (2006-09) 7-8, pp. 1189-1212
We provide initial evidence on the economic consequences of a relatively large, fully disclosed, and apparently purposeful reporting decision: the balance sheet classification of short-term obligations as long-term debt in accordance with "Statement of Financial Accounting Standard No. 6". We...