According to Enrons Bankruptcy Examiner, the effect of Enrons prepay transactions on its financial statements was: (a)

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According to Enron’s Bankruptcy Examiner, the effect of Enron’s “prepay transactions” on its financial statements was:

(a) Understatement of its debt.

(b) Overstatement of its cash flow from operating activities.

(c) Understatement of its cash flow from financing activities.

(d) All of the above.

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