Which of following is one of the way that such a transaction

Assignment Help Finance Basics

Reference no: EM13293660

One way Enron manipulated its financial statements was to sell assets at inflated prices to other firms, while giving a promise to buy back those assets at a later date. The incoming cash was recorded as revenue, but the promise to buy back the assets was not disclosed. Which of the following is one of the way that such a transaction is deceptive? a. The assets should have been listed on the balance sheet as long term assets. b. The cash raised should have been recorded as short-term loans c. Cash raised by selling assets should not be recorded as revenue d. The off balance sheet promises to repurchase assets should have been disclosed in management discussion and analysis or notes to financial statement.

Reference no: EM13293660

Questions Cloud

Design and develop a small or medium sized program : Write a C program that sorts strings into descending or ascending order (determined by the user of the program). develop your own program driver to illustrate that your program works. You may use any library functions you wish.

Evaluate the impact on human life : Evaluate the impact on human life of at least three different religions you have read so far. Be specific as you discuss how the particular religious tradition affects everyday life. Draw comparisons and contrasts between traditions as appropriate.

Find the maximum acceleration of harmonic oscillator : A simple harmonic oscillator with m=0.815 kg and total energy E=135 J has amplitude 1.35m, Find the maximum acceleration

Why must a voltmeter be a high resistance instrument : why is it necessary that an ammeter be a low resistance instrument Why must a voltmeter be a high resistance instrument

Which of following is one of the way that such a transaction : One way Enron manipulated its financial statements was to sell assets at inflated prices to other firms, while giving a promise to buy back those assets at a later date. The incoming cash was recorded as revenue, but the promise to buy back the as..

Discuss the effectiveness of osha regulations on protecting : Analyze and discuss the effectiveness of OSHA regulations on protecting the well-being of workers and make at least one recommendation for improvement

What potential difference appears across the galvanometer : what potential difference appears across the galvanometer in;Two 150V voltmeters are being compared; meter A has 5000?/V while meter B has a total meter resistance of 750000-ohm, when the pointer is fully defected

What volume must the gas be compressed to increase pressure : A monatomic ideal gas is held in a thermally insulated container with a volume of 0.06m^3. What volume must the gas be compressed to increase the pressure to 140 kPa

Evaluate the magnitude and direction of the field : A proton moves perpendicular to a uniform magnetic field B at a speed of 1.10 107 m/s, evaluate the magnitude and direction of the field

User Account

All Pages