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Business
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| Number of pages / Number of words: |
2 / 434 |
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Enron undertook some creative accounting schemes to avoid reporting its increasing losses and also to give the appearance of rapid earnings growth. For example, they claimed that contracts due in the future were worth more than they actually were. But, most famously of all, Enron hid its losses in “special purpose entitiesâ€(SPEs)...
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Enron undertook some creative accounting schemes to avoid reporting its increasing losses and also to give the appearance of rapid earnings growth. For example, they claimed that contracts due in the future were worth more than they actually were. But, most famously of all, Enron hid its losses in “special purpose entitiesâ€(SPEs)...
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General points of the essay
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