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One way Enron manipulated its financial statements was to sell assets at inflated prices to other firms, while giving a promise to buy back those
One way Enron manipulated its financial statements was to sell assets at inflated prices to other firms, while giving a
promise to buy back those assets at a later date. The incoming cash was recorded as revenue, but the promise to buy ba
the assets was not disclosed. Which of the following is one of the ways that such a transaction is deceptive?
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