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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 30
In respect of its investment in stock in Rhythms NetConnections, Enron used SPE LJM1 to: (a) Create a false put option hedge.
(b) Overstate its sales revenue.
(c) Understate its cost of goods sold.
(d) All of the above.
(b) Overstate its sales revenue.
(c) Understate its cost of goods sold.
(d) All of the above.
Explanation
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Put option is an option that permits the...
Detecting Accounting Fraud 1st Edition by Cecil Jackson
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