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Question 1 from the attachment Question 2 is : show the imoacts of the lease transaction, as it should be accouted for, on the income

Question 1 from the attachment

Question 2 is :

show the imoacts of the lease transaction, as it should be accouted for, on the income statement, cash flow statement, and balance sheet of WorldCom.

Question 3 is:

Provide two benefits that WorldCom received by accounting for the lease transaction in they way they did rather in question1 than the way you outlined in 2? Do you approve of their accounting treatment?

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