According to the documentary film named “The Smartest Guys in the Room” and Enron's history:

a. When questioned by Congress, Jeffrey Skilling insisted he always acted in the best interest of shareholders. What price mentioned throughout the story do you think Skilling had in mind when he made that claim?

b. The arrangement between Enron and Merrill Lynch for the Nigerian Energy Barge was claimed to be a sale by some people and a loan by other people. Which do you think it was? Describe the differing effects on Enron’s balance sheet of the two ways of viewing the handling of the Barge.

c. Discuss Mark to Market Accounting. Do you think it will always accurately reflect the income of a business? Why? Or why not?

Answer rating: 100% (QA)

a In the documentary film The Smartest Guys in the Room and Enrons history when Jeffrey Skilling insisted he always acted in the best interest of shareholders it can be inferred that the price he had ... View the full answer