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As some point, Enron was the seventh-largest company in the U.S. The companys bankruptcy highlights the omission of important items in the balance sheet; they

As some point, Enron was the seventh-largest company in the U.S. The companys bankruptcy highlights the omission of important items in the balance sheet; they failed to disclose certain off-balance-sheet financing obligations in the main financial statements.

  • Discuss some of the limitations of the Balance Sheet.
  • Also discuss the benefit of classifying Balance Sheet items.

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