Question and answer
how did David's scheme affect the overall appearance of Global's financial statement?
David provided statements that did not reflect the company’s current financial crisis, falsely misleading information about the corporation’s financial condition to creditors and investors. [ By borrowing more money, it would have showed that the company was in the process of losing assets and that would have sent red flags to stockholders to pull out and not invest any more money with the
company. “Enron allowed its chief financial officer, Andrew Fastow, to set up a fund called LJM and engage in suspect deals that made Enron's books look better.” This is similar to what David and his friend did, started up a sister company to Global to make their books look good. ]
Expert answered|Kaysha|Points 5895|
Question
Asked 4/3/2013 2:45:46 PM
0 Answers/Comments
Ask a question
Not a good answer? Get an answer now. (FREE)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
Solve the inequality 5x
Weegy: 5x User: Solve the inequality 5x Weegy: 5x User: Solve the inequality 12x Weegy: It will be c.x User: Solve the ...
4/23/2014 4:34:04 PM| 7 Answers
What continent is turkey?
Weegy: Turkey is in the continent of both EUROPE and ASIA.
4/24/2014 11:58:46 AM| 7 Answers
A metaphor is a figure of speech that compares two unlike things. ...
Weegy: A metaphor is a figure of speech that compares two unlike things. Answer is: T
4/23/2014 4:48:14 PM| 4 Answers
In multiplication, the number being multiplied is called the ...
Weegy: In multiplication, the number being multiplied is called the multiplicand. User: The number being ...
4/23/2014 6:49:19 PM| 4 Answers
Simplify 5^-2 by making the exponent positive.
Weegy: 5^-2 = B. 1/5^2
4/23/2014 8:59:53 PM| 4 Answers
Solve for x. x - 8 = -20 -28 -12 12 28
Weegy: 6(x - 2) = 4, 6x - 12 = 4, 6x = 4 + 12, 6x = 16, x = 16/6, or 8/3 in simplest form. User: The sum of ...
4/23/2014 1:27:55 PM| 3 Answers
Branches within the ICS organization can be established: ...
Weegy: Branches within the ICS organization can be established Geographically or functionally.
4/23/2014 5:48:09 PM| 3 Answers
5x + 4y + 15 + 2x - 8y - 5=
Weegy: The answer for 5x - 4y = 12 is y = 1/4 (5 x-12). User: 8(5a - b) - 6(4b-4a)= Weegy: a^2 - 5a - 6 = (a + ...
4/23/2014 8:09:04 PM| 3 Answers
(m3n + 8)(m3n - 5)
Weegy: simplified the expression is: (m3n)^2+3m3n-40 User: (2x - 3y)(4x - y) User: [4 - (3c - 1)][6 - ( 3c - 1)] ...
4/24/2014 11:19:58 AM| 3 Answers
Which country is not a permanent member of the U.N. Security ...
Weegy: the country which is not a permanent member of the UN council is (c) China. User: Who holds veto power in the ...
4/23/2014 10:11:57 AM| 2 Answers
Zeller, Inc., has 50,000 shares of stock outstanding. Zeller declares ...
Weegy: Zeller, Inc., has 60,000 shares of stock outstanding. Zeller declares a dividend of $580,000. ...
4/23/2014 10:05:10 AM| 2 Answers
Weegy Stuff
S
L
P
C
L
P
C
Points 1947 [Total 7334]| Ratings 0| Comments 1947| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
Points 1863 [Total 9744]| Ratings 0| Comments 1863| Invitations 0|Offline
S
1
L
C
L
Points 979 [Total 5782]| Ratings 5| Comments 929| Invitations 0|Offline
S
1
L
1
L
P
Points 582 [Total 7259]| Ratings 2| Comments 562| Invitations 0|Offline
S
L
Points 485 [Total 2932]| Ratings 2| Comments 455| Invitations 1|Offline
S
L
1
1
1
Points 339 [Total 3605]| Ratings 7| Comments 269| Invitations 0|Offline
S
R
Points 267 [Total 379]| Ratings 6| Comments 187| Invitations 2|Offline
S
Points 222 [Total 222]| Ratings 6| Comments 142| Invitations 2|Online
S
Points 170 [Total 586]| Ratings 0| Comments 170| Invitations 0|Offline
S
1
Points 165 [Total 495]| Ratings 4| Comments 125| Invitations 0|Online