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In Enron's bankruptcy, "Revenue Recognition" was one of the major issues. First, summarize the revenue...

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Accounting

In Enron's bankruptcy, "Revenue Recognition" was one of the major issues. First, summarize the revenue recognition issue in Enron Bankruptcy. Second, as an auditor, what type of evidence would you want to examine to determine whether Enron was inappropriately recording revenue from the Sithe Energies contract?

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