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Detecting Accounting Fraud 1st Edition by Cecil Jackson
Edition 1ISBN: 978-0133078602Detecting Accounting Fraud 1st Edition by Cecil Jackson
Edition 1ISBN: 978-0133078602 Exercise 27
According to Enron's Bankruptcy Examiner, the effect of Enron's "prepay transactions" on its financial statements was: (a) Understatement of its debt.
(b) Overstatement of its cash flow from operating activities.
(c) Understatement of its cash flow from financing activities.
(d) All of the above.
(b) Overstatement of its cash flow from operating activities.
(c) Understatement of its cash flow from financing activities.
(d) All of the above.
Explanation
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Company E's sales and income were overst...
Detecting Accounting Fraud 1st Edition by Cecil Jackson
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