Which of the Following Is NOT McKee's Explanation of "Earnings

Multiple Choice

Which of the following is NOT McKee's explanation of "earnings management"?

A) A smooth net income by choice does not reflect what investors and creditors need or want to know since it masks true performance.
B) It creates a more stable and predictable earnings stream by smoothing net income.
C) It is a reasonable and legal management decision making and reporting intended to achieve stable and predictable financial results.
D) Earnings management reflects a conscious choice by management to smooth earnings over time and it does not include devices designed to "cook the books."