Accounting equation to demonstrate the error

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During 2002, Enron corporation hid large liabilities from its balance sheet. World com admitted to recording expenses asassets. Both companies tried to improve their financial appearance by window dressing their financial statements. Is this an ethical issue? If yes, what is the ethical issue?

Use the accounting equation to show how Enron abused good accounting. Use a separate accounting equation to demonstrate WorldCom's error.

Reference no: EM13257176

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