Which Action Was a Key Element in the WorldCom Audit

question 36

Multiple Choice

Which action was a key element in the WorldCom audit fraud case?

• A) Recording bartered exchange transactions as revenue.
• B) Overstating cash by falsely recording cash held at major banks.
• C) Recognizing revenue on the sale of impaired assets.
• D) Concealing large losses related to securities investments.

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Definitions:

Bimodal

A distribution that has two different modes (peaks) which shows two prevailing groups or levels in the data.

Abnormal

Describes a deviation from what is considered to be normal or usual, often used in the context of medical conditions, psychological states, or statistical anomalies.

Symmetrical

Characterizing a shape or distribution that is evenly balanced around a center point or axis, so that the pattern on one side mirrors the pattern on the other.

Bimodal

Bimodal describes a distribution with two different modes, or peaks, in a frequency distribution chart.