Accounting Changes Balloon Liabilities For Chipotle, Nordstrom
PYMNTS
JUNE 6, 2019
Changes in lease accounting standards have led top retailers and restaurant chains in the U.S. The lease accounting standard overhauls, led by the Securities and Exchange Commission (SEC), change the way companies report their lease commitments. On the retail side, Nordstrom posted a nearly 25 percent increase in liabilities.
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