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You Got Fraud - Michele Morris You Got Fraud! In the 1990s,...

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Michele MorrisYou Got Fraud!In the 1990’s, it got the point, where it was nearly impossible to go to mail and not find an AOL CD-ROM with free hours. Having your computer tell you, “You Got Mail” was so iconic, they even made a movie around this popular communication base. With all this popularity, this peak will soon end in Fraud after merging with Time Warner.In 2000, AOL’s rising revenue plateaued. Time Warner and AOL merge eagerly to increase profits again. AOL Time Warner had a flicker of prospect through creatively using Fair Value and Round-Trip Transaction Accounting. SEC defines Fair Value as “accounting for transfers and servicing of financial assets and extinguishing of liabilities” (Practical Accountant). Round-Tripping is “A strategy used by a business who sells an asset to another business with an agreement that the asset will be bought back at a time in the future” (Business Dictionary). Using

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Term
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Tags
U S Securities and Exchange Commission, Time Warner, Time Inc, AOL, AOL Time Warner, Steve Case

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