GE Plan To Restate 2016-2017 Earnings Is Taking Longer Than Expected
General Electric ( GE ) now plans to restate earnings for 2016 and 2017 by April 13, after a previous target date for late March came and went. X The industrial giant has said it will adopt a new revenue-recognition accounting standard, an industry standard that it says all companies are required to adopt. But GE management said the process "is taking more time than we originally expected" to finalize, according to a letter to shareholders on Wednesday...
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