Xerox Documents Accounting Woes
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Description: "Xerox Corp. improperly booked nearly $2 billion in revenue over the past five years, the company said Friday, as the copier maker was forced to restate earnings to reflect $1.4 billion less in pre-tax profits during the period." [CNN Money]
(June 28, 2002)
Xerox documents accounting woes - Jun. 28, 2002 Office equipment maker restates revenue $1.9B lower; cuts pre-tax income by $1.4B. NEW YORK (CNN/Money) - Xerox Corp. improperly booked nearly $2 billion in revenue over the past five years, the company said Friday, as the copier maker was forced to restate earnings to reflect $1.4 billion less in pre-tax profits during the period.
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| Page title: | Xerox documents accounting woes - Jun. 28, 2002 |
| Keywords: | |
| Description: | Xerox Corp. improperly booked nearly $2 billion in revenue over the past five years, the company said Friday, as the copier maker was forced to restate earnings to reflect $1.4 billion less in pre-tax profits during the period. |
| IP-address: | 157.166.226.108 |
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| Date | Creation Date: 22-sep-1993 Expiration Date: 21-sep-2018 |