Richard Causey,former chief accounting officer for Enron,pleaded guilty to falsely reported costs for Enron that were ________ than they actually were,resulting in reported accounting profits for Enron that were ________ than their actual level.The financial statements were falsified to mislead investors about the profitability of the firm.

Question

Quizplus · Accepted Answer

Causey falsified costs to be lower than they actually were, resulting in reported accounting profits for Enron that were higher than their actual level. Therefore, the best choice is B, which states that the costs were lower and the reported profits were higher.

Richard Causey,former Chief Accounting Officer for Enron,pleaded Guilty to Falsely