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IBM Says the SEC Is Investigating Accounting for Revenue Recognition

IBM disclosed that the U.S. Securities and Exchange Commission is conducting an investigation related to the technology seller’s revenue recognition.

International Business Machines Corp. said Tuesday it learned in August that the SEC is looking into the accounting treatment of certain transactions in the U.S., the U.K. and Ireland, according to a regulatory filing. The Armonk, New York-based company fell 3.1 percent to $139.22 at 2:17 p.m. in New York.

IBM said in the filing that it is...


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