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Answer the following questions as you are watching the Enron documentary. Enron: The Smartest Guys in the Room a) What is mark to market accounting?

Answer the following questions as you are watching the Enron documentary. "Enron: The Smartest Guys in the Room" a) What is "mark to market" accounting? How was Enron able to use this to defraud its creditors and shareholders? b) What does the term "pump and dump" mean as it relates to stock options granted to certain of the Enron executives? c) What role did Enron play in California's energy crisis? d) Who were Enron's outside accountants/auditors? Did they have any responsibility for the Enron scandal?

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