Which of the following statements about WorldCom is true? a. WorldCom filed for Chapter 11 bankruptcy in 2002. b. They overreported the line costs by recording them as liabilities. c. It began in 1999 as Long Distance Discount Services, Inc. d. Five techniques were used to cook its books.

Which of the following statements about WorldCom is true? a. WorldCom filed for Chapter 11 bankruptcy in 2002. b. They overreported the line costs by recording them as liabilities. c. It began in 1999 as Long Distance Discount Services, Inc. d. Five techniques were used to cook its books.

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter6: Accounting Quality

Section: Chapter Questions

Problem 3FIC

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