The CtW Investment Group has started a request for an investigation. It believes the SEC should investigate T-Mobile US, based on the evidence of its failure to disclose adequately a change in accounting estimates. The main issue is revenue recognition from its sale of Equipment Installment Plans (EIP). According to CtW, T-Mobile reduced its allowance for credit losses as a percentage of EIP receivables. CtW has calculated the difference between allowances for credit losses based on a standar
24 Nov 2016
Good idea but not the right company to start with!
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Good idea but not the right company to start with!
Deutsche Telekom AG (DTE:WBO) | 0 0 0.8% | Mkt Cap: 62,447m
- Published:
24 Nov 2016 -
Author:
Heinz Steffen -
Pages:
3
The CtW Investment Group has started a request for an investigation. It believes the SEC should investigate T-Mobile US, based on the evidence of its failure to disclose adequately a change in accounting estimates. The main issue is revenue recognition from its sale of Equipment Installment Plans (EIP). According to CtW, T-Mobile reduced its allowance for credit losses as a percentage of EIP receivables. CtW has calculated the difference between allowances for credit losses based on a standar