Which of the Following Was Not a Strategy Used by Enron

question 10

Multiple Choice

Which of the following was not a strategy used by Enron to avoid taxes?

• A)Deduction of losses twice
• B)Shifting depreciable assets to non-depreciable assets
• C)Tax deductions for repayment of debt principal
• D)Duplication of single economic loss
• E)Generation of fees for serving as an accommodation party for another taxpayer

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Definitions:

Normative Statements

Normative statements express opinions or judgments about what ought to be and are not based on empirical evidence.

Economists

Professionals who study the distribution, production, and consumption of goods and services by analyzing economic data, developing theories, and evaluating economic policies.

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Experts who provide insights and recommendations on governmental or corporate strategies and policies.

Microeconomist

An economist specializing in the study of the behavior of individuals and firms in making decisions regarding the allocation of scarce resources.