What was(were)the effect(s)of the Enron Bankruptcy in late 2001 and other corporate scandals in 2002?
A)An ensuing lack of confidence in financial accounting.
B)The value of corporate bonds declined.
C)It became more expensive for firms to finance their investments.
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

The Enron Bankruptcy and other corporate scandals in 2002 led to an ensuing lack of confidence in financial accounting, causing the value of corporate bonds to decline and making it more expensive for firms to finance their investments. These effects had significant implications for the financial market and the economy as a whole.

What Was(were)the Effect(s)of the Enron Bankruptcy in Late 2001 and Other