Which of the following statements about WorldCom is true?   a. WorldCom filed for Chapter 11 bankruptcy in 2002.     b. They overreported the line costs by recording them as liabilities.     c. It began in 1999 as Long Distance Discount Services, Inc.     d. Five techniques were used to cook its books.

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

As a standard practice, the company does not recognize a provision for a guarantee of good operation of the products sold. Based on past statistics, the cost of repairing damage of products sold in the fiscal year amounts to € 500 while the cost of repairing damaged products sold in previous years amounts to € 600. If the balance sheet net worth is 5000, what will be the actual net worth at the end of the fiscal year?

New Deli is in the process of closing its operations. It sold its three-year-old ovens to Sicily Pizza for $328,700. The ovens originally cost $438,500, had an estimated service life of 10 years, had an estimated residual value of $28,500, and were depreciated using straight-line depreciation. Complete the requirements below for New Deli. Problem 7-8B Part 4 4. Record the sale of the ovens at the end of the third year. (If no entry is required for a transactic select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the disposal of equipment. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal