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Lockdowns Drive Lower Revenues For ATM Owner Cardtronics

PYMNTS

“We also believe that this crisis will likely accelerate the trend of bank branch transformation as several leading retail banks have already closed significant portions of their branch locations, and it is unclear how many of these will reopen when the pandemic has passed.” . Cardtronics reported GAAP net income of $5.8

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Kohl's Reduces Corporate Workforce By Approximately 15 Pct

PYMNTS

Securities and Exchange Commission (SEC). Kohl’s reported a $39 million adjusted non-GAAP net loss on net sales of $3.21 Kohl’s said it foresees costs of roughly $23 million before tax for the actions, most of which will be registered in Q3 of this year.

GAAP 52
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Reporting unearned revenue: what you need to know

Cube Software

This could be retail stores offering layaway plans or a media company offering subscriptions to streaming services. Besides the wasted time involved in chasing down and correcting incorrect revenue recognition, it creates issues with meeting the Generally Accepted Accounting Principles (GAAP) standard for financial reporting.

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Investor Complaint Filed Vs. T-Mobile

PYMNTS

The investor, CtW Investment Group, an activist firm that is also union-backed, has requested that the Securities and Exchange Commission investigate the reporting behind T-Mobile’s nonstandard accounting efforts and also how it records and presents info tied to customers who have defaulted on phone installment payment plans.

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Musings on Markets: Data Update 5 for 2022: The Bottom Line!

CFO News Room

Income from financial holdings (including cash balances, investments in financial securities and minority holdings in other businesses) are added back, and interest expenses on debt are subtracted out to get to taxable income. The numbers yield interesting insights. .

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How Compliance Rules Vary For State- Vs SEC-Registered RIAs

CFO News Room

In the United States, Registered Investment Advisers (RIAs) are required to register in one of 2 ways: with the Federal government (namely the SEC) or with one (or more) state securities regulatory agencies. The Brochure Supplement – Form ADV Part 2B. The Brochure Supplement is the sister disclosure document to the Brochure.

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Data Update 5 for 2022: The Bottom Line!

Musings on Markets

Income from financial holdings (including cash balances, investments in financial securities and minority holdings in other businesses) are added back, and interest expenses on debt are subtracted out to get to taxable income. The numbers yield interesting insights.