Of the following statements about WorldCom,which is NOT true?
A) It began in 1983 as Long Distance Discount Services,Inc.
B) From 1999 to 2002,the company had manipulated earnings by using fraudulent accounting methods.
C) Five techniques were used to cook the books.
D) WorldCom filed for Chapter 11 bankruptcy in 2002.
E) CEO Bernie Ebbers was sentenced to 25 years in prison.

Question

Quizplus · Accepted Answer

WorldCom used more than five techniques to manipulate its accounting and inflate its financial performance, making the statement that only five techniques were used incorrect.

Of the Following Statements About WorldCom,which Is NOT True