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Barnes & Noble's accounting investigated by SEC

from Forbes

Bad news for Barnes & Noble this Christmas: the SEC thinks the bookseller's accounting practices may have been naughty. In Barnes & Noble's quarterly report, the company noted that the SEC "notified the Company that it had commenced an investigation into: (1) the Company's restatement of earnings announced on July 29, 2013, and (2) a separate matter related to a former non-executive employee's allegation that the Company improperly allocated certain Information Technology expenses between its NOOK and Retail segments for purposes of segment reporting. more

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