Discuss the appropriateness of the original accounting

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Reference no: EM133378557

Question 1. What was the purpose of Lehman's Repo 105 transactions?

Question 2. How did Lehman structure the transaction to get the desired accounting treatment and how did this desired accounting treatment of Repo 105 transactions (asset sales versus loans) impact its financial statements?

Question 3. Discuss the appropriateness of the original accounting treatment and present arguments for and against the originally selected accounting treatment.

Question 4. Please present the alternative journal entries for the different accounting treatments.

Reference no: EM133378557

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