The bankruptcy of WorldCom,a long-distance telephone service provider,can be largely attributed to which of the following?

Question

Quizplus · Accepted Answer

The bankruptcy of WorldCom was largely attributed to a fraud based on non-existent profits, which involved the manipulation of accounting ledgers to inflate earnings and hide expenses. This resulted in the company reporting profits when it was actually losing money.

The Bankruptcy of WorldCom,a Long-Distance Telephone Service Provider,can Be Largely