Question $28$

$3$ points

Enron Corponation filed for bumkruptcy following a number of revelations about its accounting procedures. Enron used a complex structure of corporations and off$-$the$-$books debt to mask its true financial picture form the markets. When nsked about the propriety of Enron's reporting thethods, many analysts have responded, "They simply did what most corporations do$."$ Their comments:

a$.$ reflect analysis under the Nnsh model.

b reflect analyeis under the Blanchard Teele model.

c$.$ reflect rationalization.

d reflect Wall Street Journal anslysis.

E$.$ None of the above