Question
One of the largest corporate scandals in US history occurred when Enron company was exposed using Special Purpose Entities (SPEs) to hide financial information that
One of the largest corporate scandals in US history occurred when Enron company was exposed using Special Purpose Entities (SPEs) to hide financial information that damaged the financial value of the company. Explain what an SPE is. Describe how Enron used the SPE and what was wrong with the way they used them.
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
