USA: Performance Food find accounting errors; impact on net income could reach US$5m
Richmond-based Performance Food Group has revealed that it has identified certain accounting errors at one of its broadline operating subsidiaries. The company estimates that the cumulative effect of the errors, which began in early 2000, will reduce net income by an estimated US$4m to US$5m. A determination of the exact impact and the periods affected is expected within thirty days.
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