One Way Enron Manipulated Its Financial Statements Was to Sell

question 5

Multiple Choice

One way Enron manipulated its financial statements was to sell assets at inflated prices to other firms, while giving a promise to buy back those assets at a later date. The incoming cash was recorded as revenue, but the promise to buy back the assets was not disclosed. Which of the following is one of the ways that such a transaction is deceptive?

• A)The assets should have been listed on the balance sheet as long-term assets.
• B)Cash raised by selling assets should not be recorded as revenue.
• C)The cash raised should have been recorded as short-term loans.
• D)The off-balance sheet promises to repurchase assets should have been disclosed in management discussion and analysis (MD&A)or notes to the financial statement.

Appreciate the impact of suicide on families and the importance of support for survivors.

Grasp the significance of immediate intervention and continuous support for individuals with suicidal ideation.

Recognize risk factors and high-risk groups for suicide.

Apply knowledge of suicide prevention techniques and interventions in a clinical setting.

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Definitions:

Direct Payments

Financial transactions where funds are transferred from one party to another without intermediaries, often used in payroll or benefit disbursement.

Indirect Payments

Payments made on behalf of someone else, often seen in business where employers pay taxes or benefits to governments or insurance companies on behalf of employees.

Benefits and Services

Refers to the perks and support services provided by employers to employees, which can include health insurance, retirement plans, and wellness programs.

Job Evaluations

A systematic process for assessing the relative worth of jobs within an organization to establish a fair and equitable pay structure.