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
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
23,891,478 questions answered
Popular Conversations
Small family owned businesses usually require applicants to submit ...
Weegy: TRUE. Small family owned businesses usually require applicants to submit electronic resumes.
2/8/2016 8:47:01 AM| 4 Answers
what led to school desegregations in the 1960s
Weegy:
2/9/2016 2:45:08 PM| 3 Answers
Which action associated with the United States' "return to normalcy" ...
Weegy: Washington Disarmament Conference was on 1921 and established a treaty between the United States, France, ...
2/8/2016 9:35:32 AM| 2 Answers
The King James Bible was written by A. King James. B. a ...
Weegy: The King James Bible was written by A. King James.
2/8/2016 12:55:50 PM| 2 Answers
Weegy Stuff
S
Points 297 [Total 694] Ratings 0 Comments 297 Invitations 0 Offline
S
P
P
Points 178 [Total 985] Ratings 0 Comments 178 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
Points 117 [Total 11290] Ratings 0 Comments 117 Invitations 0 Offline
S
L
P
Points 46 [Total 2114] Ratings 0 Comments 46 Invitations 0 Offline
S
R
Points 11 [Total 447] Ratings 0 Comments 11 Invitations 0 Offline
S
Points 10 [Total 294] Ratings 0 Comments 10 Invitations 0 Online
S
Points 4 [Total 904] Ratings 0 Comments 4 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 2] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 2] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)