In WorldCom's case,the fraud was to reclassify $3.85 billion in ________ as ________.
A) capital budgeting; short-term investment
B) operating expenses; long-term investment
C) operating expenses; short-term investment
D) capital budgeting; long-term investment

Question

Quizplus · Accepted Answer

WorldCom's fraud involved reclassifying $3.85 billion in operating expenses as long-term investments. This manipulation made the company's financial health appear much better than it actually was by artificially inflating its profits.

In WorldCom's Case,the Fraud Was to Reclassify $3