Assume that Lehman's Repo 105 transactions fall within the limits allowed by Generally Accepted Accounting Principles as

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Assume that Lehman's Repo 105 transactions fall within the limits allowed by Generally Accepted Accounting Principles as Lehman's management has argued. What are the ethical implications of undertaking transactions expressly to temporarily hide how much money a firm has borrowed?
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Principles of Managerial Finance

ISBN: 978-1408271582

Arab World Edition

Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix

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