Which of the Following Was Not a Flaw Found in LJM1

question 1

Multiple Choice

Which of the following was not a flaw found in LJM1 arrangements?

• A)Profits were improperly recorded on treasury shares used or sheltered by non-existing hedges
• B)Enron was hiding employee stock option expense
• C)Enron was hedging itself
• D)Enron had to advance treasury shares to buy them back at preferential rates
• E)Enron officers and their helpers benefited

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Definitions:

Cell Plate

The structure formed during cytokinesis in plant cells that leads to the formation of cell walls separating the two daughter cells.

Microtubules

Microtubules are cylindrical structures made of tubulin proteins, serving as part of the cytoskeleton to maintain cell shape, enable cellular movement, and are instrumental in cell division.

Cytokinesis

The process during cell division where the cytoplasm of a single eukaryotic cell is divided into two daughter cells.

Proto-Onco Gene

A normal gene which, when altered by mutation, becomes an oncogene that can contribute to cancer.