Which of the following companies got into trouble when upper-level management purposely deceived shareholders with fraudulent financial statements?
A)Nike
B)Abercrombie and Fitch
C)WorldCom
D)Johnson & Johnson

Question

Quizplus · Accepted Answer

WorldCom was involved in a massive accounting scandal where the company's upper-level management purposely deceived shareholders and the public by inflating the company's assets and profits on its financial statements. This scandal, which came to light in the early 2000s, is one of the largest instances of corporate fraud in history.

Which of the Following Companies Got into Trouble When Upper-Level