Question: Please answer accurately the problem early for an upvote Problem 5 (30 Points): (A) Explain the earnings management continuum. (5 Points) (B) Briefly discuss the

Please answer accurately the problem early for an upvote

Problem 5 (30 Points): (A) Explain the earnings management continuum. (5 Points) (B) Briefly discuss the motivating factors for earnings management. (5 Points) (C) Based on the speech delivered at the NYU Center for Law and Business by SEC Chairman Arthur Levitt, briefly explain the five tactics of accounting hocus pocus widely used to make numbers and the action plans to enhance investors confidence in American capital market. (10 Points). (D) Discuss the top managers' textual game, as opposed to the numbers game, and its economic consequences to investors. (5 Points) (E) Discuss how the numbers and textual games have changed by the passage of the Sarbanes-Oxley Act (SOX). (5 Points)

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