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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

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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