Under gaap there are principles for how revenues and, Financial Management

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Under gaap there are principles for how revenues and

1. Under GAAP there are principles for how revenues and expenses are to be recognized. Please disscuss the revenue recognition prinicple and the expense recognition (matching) principle. Please provide an example of how Worlcom violated one of these principles.

2. Calculate the value of an investment Tthat declines by 30% each quarter for a year?

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Financial Management: Under gaap there are principles for how revenues and

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Financial Management: Under gaap there are principles for how revenues and

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