Question
Investigate potential financial statement fraud at Enron Corporation based on the following financial data: Revenue: $80,000,000 Expenses: $75,000,000 Net Income: $5,000,000 Total Assets: $200,000,000 Total
Investigate potential financial statement fraud at Enron Corporation based on the following financial data:
- Revenue: $80,000,000
- Expenses: $75,000,000
- Net Income: $5,000,000
- Total Assets: $200,000,000
- Total Liabilities: $150,000,000
Identify any irregularities or red flags in the financial statements that may indicate fraudulent activities.
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
IFRS 3rd edition
1118978080, 978-1119153726, 1119153727, 978-1119153702, 978-1118978085
