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Question - In 2002, WorldCom was found guilty of fraud as a result of recording revenue expenditures as capital expenditures in their financial statements. The total amount of the error was more than $7 billion over a three-year period (1999 - 2002).
What is a revenue expenditure and how is it different from a capital expenditure?
What was the impact of the error(s) on WorldCom's financial statements and how did this affect the financial position of the company? Be sure to address both the income statement and the balance sheet.
Who was harmed?
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using the following link as a guideline.. answer the following questions for wal-mart what was the total stockholders
The introduction of FRS 3, Reporting Financial Performance, has resulted in a considerably expanded profit and loss account with related disclosures and a new primary statement. The standard is intended to be based on the 'all-inclusive' concept o..
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Now that you have prepared the adjusting aentries. You will need these numbers to prepare Statement of Cash Flows. Prepare your financial statements in Excel.
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