A major reason Enron used special purpose entities was: a To increase equity dilution b. To increase working capital c. Off-balance-sheet reporting d To increase pension plan funding levels General Motors (Finance) had the following debt marketable securities for 2001 (in $ millions): trading securities = 5,195: available-for-sale = 5,195: held-to-maturity = 371. Which of these are recorded at fair value. a. Trading securities b. Held-to-maturity & trading securities c. Held-to-maturity & available-for-sale d. Trading securities & available-for-sale Which of the following statements is correct: a. A special purpose entity is used only to record marketable securities b. Leases are never used by airlines & department stores c. Intraperiod tax allocation is associated with non-recurring items reported net of tax d. Capital leases are off-balance-sheet & recorded as a periodic rental expense