SPEs were widely used by U.S. companies for legitimate purposes.

Name: SPEs were widely used by U.S. companies for legitimate purposes.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

SPEs, or special purpose entities, can serve legitimate purposes for companies, such as facilitating financing or managing risk. However, they have also been used for questionable activities, such as hiding debt or manipulating financial statements.

SPEs Were Widely Used by U