When WorldCom used intentional accounting irregularities to make the company look more profitable than it actually was,it:
A)Provided its stockholders profit through a tax-loophole.
B)Acted in an acceptable business manner.
C)Engaged in illegal behavior.
D)Executed its responsibility to its owners.

Question

Quizplus · Accepted Answer

Intentional accounting irregularities constitute fraud and are illegal. They are a violation of ethical and legal standards and go against the principles of honest and transparent business practices. The company misled investors and stakeholders, causing them to lose money and trust in the company. WorldCom's actions were not acceptable or responsible, and they do not provide any benefit to stockholders through tax-loopholes.

When WorldCom Used Intentional Accounting Irregularities to Make the Company