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1. Special Purpose Entities What are the four important requirements when st ructuring a valid SPE? How were they abused by Enron? 2. Liabilities not

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1. Special Purpose Entities What are the four important requirements when st ructuring a valid SPE? How were they abused by Enron? 2. Liabilities not recorded on balance sheet You are considering purchasing a company - assets, liabilities, warts and all. You are aware that sometimes iabilities do not always show up on the balance sheet. Give five examples of liabilities that may not be xplicitly recognized on the balance sheet, being sure to explain why they are liabilities

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