Why use a separate accounting equation to demonstrate


During 2002, Enron corporation hid large liabilitiesfrom its balance sheet. Worldcom admitted to recording expenses asassets. Both companies tried to improve their financial appearanceby window dressing their financial statements. Is this an ethicalissue? If yes, what is the ethical issue?

Use the accounting equation to show how Enron abused goodaccounting. Use a separate accounting equation to demonstrate WorldCom's error.

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Accounting Basics: Why use a separate accounting equation to demonstrate
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