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.
19,710,511 questions answered
Popular Conversations
Given: y varies directly with x and has a constant rate of change of ...
Weegy: If y is 5 when x is 2.5 and y varies directly with x, y is 20 when x is 10. 5/2.5 = y/10 2.5y = 50 y = 50/2.5 ...
2/28/2015 11:24:34 AM| 5 Answers
Which of the following energy sources is attributed to Edwin Drake ...
Weegy: The following energy sources is attributed to Edwin Drake and had significant impact on industrialization during ...
2/28/2015 3:21:51 AM| 2 Answers
The oldest type of city government in America is the _______ form. ...
Weegy: The oldest type of city government in America is the D. mayor-council form. User: Which of the presidents ...
2/28/2015 11:31:00 AM| 2 Answers
What is the equation of the line, in slope-intercept form, that ...
Weegy: The equation of the line, in slope-intercept form, that passes through (3, -1) and (-1, 5) is y = -3/2x + 7/2 ...
2/28/2015 11:42:07 AM| 2 Answers
Who is Isabel Allende?
2/28/2015 12:07:31 PM| 2 Answers
Simplify: (2x)3
Weegy: 11(2x + 3) =(11)(2x) + (11)(3) =22x + 33 User: How much must you invest at one time in order to accumulate ...
2/28/2015 2:42:37 PM| 2 Answers
___________are a complex set of characteristics that make a person ...
Weegy: - - - are a complex set of characteristics that make a person unique, and are influenced by heredity, ...
2/28/2015 12:38:22 AM| 1 Answers
(x+3)(y+6)
Weegy: Here are some characteristics of grace and forgiveness: patience, kindness, mercy, unconditional love, empathy, ...
2/28/2015 1:15:50 AM| 1 Answers
Which of the following inventions destroyed the first market for ...
Weegy: B. The automobile
2/28/2015 3:25:11 AM| 1 Answers
Weegy Stuff
S
L
P
L
P
P
Points 46 [Total 7932]| Ratings 0| Comments 46| Invitations 0|Offline
S
1
L
L
Points 11 [Total 7512]| Ratings 0| Comments 11| Invitations 0|Offline
S
P
C
L
P
L
1
Points 4 [Total 7311]| Ratings 0| Comments 4| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
P
P
Points 1 [Total 16916]| Ratings 0| Comments 1| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
S
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
S
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
S
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
S
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.