The primary accounting issue in the Wetherford International case is:
A) Fraudulent recording of revenues on sales to customers
B) Fraudulent use of company resources by top management for personal purposes
C) Fraudulent inflation of earnings using deceptive income tax accounting
D) Fraudulent inflation of inventory to reduce losses on the income statement

Question

Quizplus · Accepted Answer

The primary accounting issue in the Weatherford International case was fraudulent inflation of earnings using deceptive income tax accounting. This involved manipulating financial statements to overstate earnings by underreporting income tax expenses.

The Primary Accounting Issue in the Wetherford International Case Is