Examlex
WorldCom's failure to report $3.8 billion of operating expenses is an example of:
Accounts Receivable
Money owed to a business by its customers for goods or services delivered but not yet paid.
Depreciation Expense
An accounting method of allocating the cost of a tangible asset over its useful life, reflecting wear and tear, or obsolescence.
Depreciation Expense
Depreciation expense represents the allocation of the cost of tangible assets over their useful lives.
Decrease in Payable
A reduction in the amount a company owes to its suppliers or creditors, indicating payments have been made.
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