Enron Corporation Filed for Bankruptcy Following a Number of Revelations

Multiple Choice

Enron Corporation filed for bankruptcy following a number of revelations about its accounting procedures.Enron used a complex structure of corporations and off-the-books debt to mask its true financial picture from the markets.When asked about the propriety of Enron's reporting methods,many analysts have responded,"They simply did what most corporations do." Their comments:

A) reflect analysis under the Nash model.
B) reflect analysis under the Blanchard/Peale model.
C) reflect rationalization.
D) reflect Wall Street Journal analysis.
E) none of the above