Halliburton's Accounting Might Make You Wonder

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Anthony Menendez, who was Halliburton's director of technical accounting research and training, has accused the world's second- largest oilfield-services company of using so-called bill-and-hold accounting and other undisclosed practices to 'distort the timing of billions of dollars in revenue.' In short, Menendez says this allowed Halliburton to book product sales improperly, before they occurred.

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