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Dollar General to review lease accounting

Gary Evans -- Home Textiles Today, February 23, 2005

GOOTLETTSVILLE, Tenn. — Dollar General is the latest retailer to announce it will review its accounting procedures related to leasing transactions because of a recent "clarification" from the Securities and Exchange Commission.

The review is likely to require a charge to the company’s financial statements for the current year and potentially for some prior years. Dollar General will complete the review prior to filing its annual report, Form 10-K, it said.

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