Enron Corporation Filed for Bankruptcy Following a Number of Revelations

Enron Corporation filed for bankruptcy following a number of revelations about its accounting procedures. Enron used a complex structure of corporations and off-the-books debt to mask its true financial picture from the markets. When asked about the propriety of Enron's reporting methods, many analysts have responded, "They simply did what most corporations do." Their comments:

A) reflect analysis under the Nash model.
B) reflect analysis under the Blanchard/Peale model.
C) reflect rationalization.
D) reflect Wall Street Journal analysis.
E) None of the above