WorldCom is presented in this textbook as an illustration of overstating earnings by: (a) Holding books open

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WorldCom is presented in this textbook as an illustration of overstating earnings by:

(a) Holding books open after the close of a reporting period.

(b) Misuse of multiple element contracts.

(c) Improper use of merger reserves and improper capitalization of expenses.

(d) Understatement of reserves for bad debts.

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