1. Square is Dropping an Accounting Metric After the SEC said it’s not Allowed

    Square is Dropping an Accounting Metric After the SEC said it’s not Allowed

    Square Inc. is making a change to its accounting after receiving a comment letter from the Securities and Exchange Commission in a move that has implications for other U.S. companies. The payment company is abandoning its practice of offering an adjusted revenue number, a metric that does not conform with Generally Accepted Accounting Principles, or GAAP, the U.S. standard, and that the Securities and Exchange Commission does not allow, as MarketWatch has reported in the past...

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