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The AAO Weblog covers accounting issues and current events as they relate the practice of investment analysis. All posts prior to September, 2007 are in the public domain, but after September 4, 2007, only subscribers to The Analyst's Accounting Observer will see all posts going forward. Only selected, occasional posts will be released to the public domain from September 4 forward.

Yet Another Lease Restater Update
Location: BlogsAAO Weblog (Public)    
Posted by: Jack Ciesielski 2/28/2005 6:52 PM
This is getting to be a round-the-clock effort.

Shortly after the posting of the 77 restaters on Monday afternoon, these four firms announced lease restatements:

American Tower Corp.
Brown Shoe Co.
Smith & Wollensky Restaurants
Tractor Supply Co.


In that little cluster, there's representation from each of the most frequently-offending industries: restaurant, retail and cell towers. Still waiting for more variety, but you can't complain about the volume. All of them had problems with accounting for landlord incentives/allowances in their leasehold improvements, except for American Tower. Their problem was the mismatch of lives between depreciable improvements and lease terms.

No promises, but I will try to post a comprehensive list once a week on Fridays.
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