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let us now look at how Enron endeavored in each of the above in trying to overstate this revenue and boost stock prices Enron adopted a revenue recognition model of agent model instead of merchant model to understand this one should first understand how Enron earned this revenue and then consider how such were recognized in accounting Enron businesses involved mainly trading of assets and provision of Risk Management Services initially Enron traded assets at spot prices meaning that the company bought assets from SLS and sold them to buyers at prices agreed at a time of purchase and sell the selling prices are recognized as revenues and the difference between revenues and purchase prices become the companys profits this is considered as the merchant model of Revenue recognition when Enron business grew and became a financial Trader the company started to trade not only the actual assets but also Financial contracts for future delivery of SS as such Enron purchased contract from seller