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February 5th, 2010, 03:17 PM #1Overstock.com Revisits Financials, Again
Seems Overstock is juggling the tax books...
SALT LAKE CITY February 5, 2010 (AP)
Internet retailer Overstock.com says it's recalculating more financial statements because of accounting errors that have already prompted a review by federal regulators.
Overstock announced Thursday that it was shifting $1.7 million in income from 2009 to its 2008 fiscal year.
The company attributed the problem to accounting mix-ups with other companies that sell goods on its Web site.
The Securities and Exchange Commission in September filed a subpoena as part of an investigation into Overstock's financial restatements for fiscal years 2006 through 2008.
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