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Keywords: early debt extinguishmentClose
Journal: The Accounting Review
The Accounting Review (2014) 89 (6): 2021–2055.
Published: 01 November 2014
... this question, because pre-SFAS No. 145, gains/losses from early debt extinguishments were reported below the line, while post-SFAS No. 145, they were reported above the line. After controlling for other identified changes that occur during our sample period, we find that, pre-SFAS No. 145, the market does...