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Question - Use the WorldCom Scandal (2002) accounting/finance fraud case. Use a narrative report that attempts to incorporate the following questions rather than merely responding to each question.
1. Briefly identify and describe the fraud or situation. Describe the type of fraud, what happened, the people involved, and the resolution (if known).
2. Discuss the victim organization, how the fraud was initially concealed, and why you think the ethical situation occurred in the first place.
3. Discuss different people involved, how each perpetrated and/or responded to the fraud (i.e., actively condone, whistleblower), and why you think those individuals responded in that manner.
4. Discuss the most effective way(s) to deter this type of fraud in the future.
The corporation declares a 10% share dividend when the fair value is $70 per share. Prepare the journal entries for Ming Corporation
The department actually completed 10,100 hours of production. Find the appropriate total budget for the department, assuming it uses flexible budgeting
Etherovo Corp declared and paid dividends of $2.10 per share, Prepare the necessary entries on the books of Excelsius Corp
Each employee works in excess of 600 hours and is paid wages of $8,350 during the year. Determine the amount of Lincoln's work opportunity credit
Annual Report on Internal Control over Financial Reporting" and "Report of Independent Registered Public Accounting Firm" and explain why these reports
platypus building inc. won a bid for a new office building contract. below is info from the project accountant total
carson company on july 15 sells merchandise on account to tayler co. for 1000 terms 210 n30. on july tayler co. returns
Actual direct labor costs included 100 hours per job at an average rate. Calculate direct materials cost and efficiency variances
Weber Industries has three activity cost pools and two products. Calculate the overhead cost per unit for each product
The Motor Vehicle is to be depreciated at a rate of 25% per annum using Reducing-Balance Method. Calculate the vehicle's pro-rata Depreciation charge
Chandler Bing is product safety manager at Tribbiani-Buffay Products, Inc., a Las Vegas-based producer of data processing equipment. Bing is evaluating the cost effectiveness of a preventive maintenance program. Bing believes that monthly down- ti..
Compute the partnership income and the partner's distributive shares of items that are required to be separated stated.
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