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Resource ID: #12179
Subject: Business
Source: Business Week
Affiliation: 
Date: Dec. 19

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Description

Business Week reports that "Although Bausch & Lomb Corp. had admitted its earnings in 1994 were suffering due to high distributor inventories, the company never explained how the inventories became so high. In a lengthy investigation, Business Week uncovered a bizarre tale behind the problems, including strong evidence that B&L had engaged in questionable accounting practices."

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