Which of the Following Is NOT True According to Enron's

Multiple Choice

Which of the following is NOT true according to Enron's case?

A) Fastow developed the concept of buying up oil and gas companies to increase Enron's reserves for future sale.
B) Fastow worked to structure ventures that met the conditions under GAAP to keep the partnership activities off Enron's books and on the separate books of the partnership.
C) Fastow created SPE that borrowed money from banks and transferred to Enron in a sale of an operating asset no longer needed by Enron.
D) The SPE created by Fastow enabled Enron to keep debt off its books while benefiting from transfer and use of the cash borrowed by the SPE.