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Because of its silent complicity in the Enron scandal, the Arthur Andersen company was also forced to close its doors. The fallout. In the end, 90,000 people lost their jobs; Enron employees, who had been encouraged to invest their retirement plans in company stock, lost $2 billion into the bargain. Stockholders lost another $70 billion in the Enron scandal, and the state of California sued for $6 billion in energy losses.
At December 31, 2010, Mongo, Inc. reported in its balance sheet a net loss of $3 million related to itspension plan. The actuary for Mongo at the end of 2011 increased her estimate of future salary levels.Mongo's entry to record the effect of this change will include.