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Essay

worldcom: final catalyst

Essay specific features

 

Issue:

Business

 

Written by:

Antonio H

 

Date added:

March 10, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 992

 

Was viewed:

10105 times

 

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Essay content:

The result was bigger losses in the current quarter but smaller ones in future quarters, so that its profit picture would seem to be improving." The acquisition of MCI gave WorldCom another accounting opportunity. While reducing the book value of some MCI assets by several billion dollars, the company increased the value of "good will," that is, intangible assets-a brand name, for example-by the same amount...
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While reducing the book value of some MCI assets by several billion dollars, the company increased the value of "good will," that is, intangible assets-a brand name, for example-by the same amount. This enabled WorldCom each year to charge a smaller amount against earnings by spreading these large expenses over decades rather than years...
displayed 300 characters

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