... its own stock as compensation. As part of the capitalization of an entity designed to hedge an investment Enron held in a bankrupt broadband company, a $1.2 billion entry was made to Enron's books to increase notes receivable and shareholder's equity. When these hedging arrangements were terminated to avoid having to issue more than 58 million shares of its" own stock, Enron recorded a loss ... ...

• Word Count: 2557
• Approx Pages: 10
• Grade Level: Undergraduate

... their crimes behind fancy accounting, they all left a mark in the corporate world that society is still pondering over. Like Enron, Global Crossing has been accused of manipulating its accounting books to claim the company was safely in the black while actually hemorrhaging heavily. Also, the two companies used Arthur Andersen LLP as their accountant as well as using their management ... ...

• Word Count: 2824
• Approx Pages: 11
• Grade Level: High School