Winston-Salem, N.C. (Feb. 14, 2002) -- After published reports revealed the use of special purpose entities as a way to move debt off its balance sheet, cult favorite Krispy Kreme doughnuts agreed to change its accounting methods.
Krispy Kreme said it would move a $35 million expense, earmarked for a new doughnut factory, to its books instead of using SPEs -- the murky vehicle which ultimately caused the downfall of Enron.
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