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Small change in US accounting rules could have big impact on compliance

Move to make reporting clearer could make it muddier instead, says WILLIAM D. COHAN

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Under the new rule, Alphabet's US$258 million investment in Uber - made in 2013 when Uber was worth about US3.7 billion - would now have to be listed at market, or about US$4.8 billion, as Uber is now valued at US$70 billion. Given Alphabet's Q1 2017 net income of US$5.4 billion, adding in its gain from Uber could have quite the distorting effect.

A TSUNAMI of change is coming to the regulations that govern corporate America, if President Donald Trump and Republicans in Congress get their way.

But there is also a little-noticed change coming down the pike that will have a major impact on business. And this one has corporate

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