Worldcom cooked its books by ________. the net effect of this was to make a huge loss look like a sizable profit.

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17-10-2017
Business

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Worldcom cooked its books by ________. the net effect of this was to make a huge loss look like a sizable profit.

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Kalahira Kalahira · Answer 1 · 2017-10-26T12:15:44+02:00

Kalahira Kalahira

26-10-2017

Worldcom cooked its books by about $4 billion. It was able to do this by listed expenses as capital investments. By classifying these expenditures it was able to hide big loses prompting a fraud investigation by the SEC.

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