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Detecting Accounting Fraud 1st Edition by Cecil Jackson
Edition 1ISBN: 978-0133078602Detecting Accounting Fraud 1st Edition by Cecil Jackson
Edition 1ISBN: 978-0133078602 Exercise 17
WorldCom is presented in this textbook as an illustration of overstating earnings by: (a) Holding books open after the close of a reporting period.
(b) Misuse of multiple element contracts.
(c) Improper use of merger reserves and improper capitalization of expenses.
(d) Understatement of reserves for bad debts.
(b) Misuse of multiple element contracts.
(c) Improper use of merger reserves and improper capitalization of expenses.
(d) Understatement of reserves for bad debts.
Explanation
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Company W employs the following two main...
Detecting Accounting Fraud 1st Edition by Cecil Jackson
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