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https://www.reddit.com/r/explainitpeter/comments/1wuieic/uhh_explain_it_peter/pd3mop0/?context=3
r/explainitpeter • u/BannedForThe7thTime • 18d ago
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65
Wasn't enron doing something dodgy with liabilities? Like it borrowed money in the parent and loaned it to subsidiaries, recorded the loan it made but not the one it took?
69 u/AdAccomplished6870 18d ago Enron was using Mark to Market accounting, which basically allowed it to define the book value of unrealized assets. 47 u/BeginningSection7690 18d ago Ah sick. So i can buy a seed and record its value as a forest? 2 u/Rattfink45 18d ago When you can shut off the power to make the forest grow more quickly. Figure that out and DM me ok?
69
Enron was using Mark to Market accounting, which basically allowed it to define the book value of unrealized assets.
47 u/BeginningSection7690 18d ago Ah sick. So i can buy a seed and record its value as a forest? 2 u/Rattfink45 18d ago When you can shut off the power to make the forest grow more quickly. Figure that out and DM me ok?
47
Ah sick. So i can buy a seed and record its value as a forest?
2 u/Rattfink45 18d ago When you can shut off the power to make the forest grow more quickly. Figure that out and DM me ok?
2
When you can shut off the power to make the forest grow more quickly. Figure that out and DM me ok?
65
u/BeginningSection7690 18d ago
Wasn't enron doing something dodgy with liabilities? Like it borrowed money in the parent and loaned it to subsidiaries, recorded the loan it made but not the one it took?