Revenue vs. Capital Expenditures In 2002, WorldCom filed for bankruptcy shortly after the company announced...
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Revenue vs. Capital Expenditures In 2002, WorldCom filed for bankruptcy shortly after the company announced an internal investigation which revealed $11 billion of fraudulent accounting entries. One of the things the company did was booking line costs (interconnection expenses with other telecommunication companies) as capital on the balance sheet instead of expenses. Bernard Ebbers was Chief Executive Office at the time. Conduct research on this company. Who do you think is at fault for the conditions leading up to the company's bankruptcy and who suffered as a result? Where is Bernard Ebbers now? show source please
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