The Securities and Exchange Commission is investigating the accounting at book giant Barnes & Noble, the company disclosed on Friday. The investigations are targeting two areas: the company’s restatement of earnings last summer, and a former non-executive employee’s allegation that the company was allocating expenses between its bookselling operations and the Nook division improperly.
Investors punished the stock after the announcement, trimming nearly 12% from the price on Friday.
For Accounting
Posted by ICv2 on December 8, 2013 @ 11:24 pm CT
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