Due: Monday,April 30,2023

Watch a documentary film named The Smartest Guys in the Room. The film will run about 1:50. You can see it for free at http://watchdocumentaries.com/enron-the-smartest-guys-in-the-room/. If youd rather see it on a DVD, you might get a copy at a local library or on Amazon.(Discuss your ideas first and later answer the following questions)

1.The arrangement between Enron and Merrill Lynch for the Nigerian Energy Barge was claimed to be a sale by some people and a loan by other people. Which do you think it was? Describe the differing effects on Enrons balance sheet of the two ways of viewing the handling of the Barge.

2.Discuss Mark to Market Accounting. Do you think it will always accurately reflect the income of a business? Why? Or why not?