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

WorldCom's intentional accounting irregularities were illegal and violated accounting principles and regulations. It misled investors and caused significant financial harm to those who invested in the company. It was not an acceptable business manner, nor executing its responsibility to its owners.

When WorldCom Used Intentional Accounting Irregularities to Make the Company