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Explanation:
Enron famously used questionable accounting practices, notably mark-to-market accounting and complex Special Purpose Entities (SPEs), to hide toxic assets and massive debts from its balance sheet. This allowed the company to project a false picture of financial health to investors and regulators until its collapse.
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Q.98 Which of the following financial disasters highlighted the use of questionable accounting practices to disguise the size of borrowings from investors and, therefore conceal financial health status?
A
Barings Bank.
B
Continental Illinois.
C
Enron.
D
Orange County.