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    Intermediate Accounting Study Set 3
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    Exam 1: The Framework for Financial Reporting
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    Give Examples of Provisions, Known as Maintenance Tests or Covenants
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Give Examples of Provisions, Known as Maintenance Tests or Covenants

Question 57

Question 57

Essay

Give examples of provisions, known as maintenance tests or covenants which are often contained in debt contracts or agreements.

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a) maximum debt: equity ratio
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