Consider the Sithe Energies contract described in the case. Does the accounting for this contract provide an

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Consider the Sithe Energies contract described in the case. Does the accounting for this contract provide an example of how Enron violated the revenue recognition principle? Why or why not? Please be specific. Discuss.

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Auditing and Accounting Cases Investigating Issues of Fraud and Professional Ethics

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Authors: Jay Thibodeau, Deborah Freier

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Question Posted: Dec 02, 2015 01:23 AM

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Consider the Sithe Energies contract described in the case. Does the accounting for this contract provide an

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According to GAAP in order for revenue to be recognized it must hav...View the full answer

Auditing and Accounting Cases Investigating Issues of Fraud and Professional Ethics

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