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Starbucks stock falls after SEC questions accounting policies

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A Starbucks barista fulfills an order in a South Philadelphia store.

Mark Makela | Reuters

After questioning from the Securities and Exchange Commission about its accounting practices, Starbucks will provide more disclosures about how it recognizes revenue.

The Wall Street Journal first reported the back-and-forth between the regulator and Starbucks on Monday evening. Shares of the coffee chain fell 4% on Tuesday.

At the end of 2018, new accounting guidelines came into effect that impacted many public companies. The Journal reported that at least 208 companies received letters from the SEC about their revenue-recognition practices in 2018, according to analysis by Audit Analytics.

In May and…



Source cnbc.com

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