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Tuesday, dec 17
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Accounting
News
DMV Jeopardy! Stars Stumble: Tough Week Under Bright Lights Ends In Defeat
Who is... The DMV's Best? Turns out none of them after falling flat under the bright Jeopardy! lights. Three local contestants from Maryland and Virginia stepped up to the podium, but all three went home empty-handed, leaving the DMV without a champion. The week kicked off on Monday, Dec. 9, with Vienna ESL teacher Lisa O'Donnell taking on Boston's Bill McKinney, a vice president of restaurants and bars. McKinney cruised through the competition, winning a few games before his controversial exit on Friday. On Wednesday, Hyattsville tax accountant Sam Nguyen couldn’t clinch a victory, while …
Business
Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says
A Macy’s employee misstated up to $154 million in delivery expenses over several years, the company just said. The development forced the retailer to delay its third-quarter earnings report. The employee, whose name has not been released, has been fired. According to the company, the employee responsible for accounting small package delivery expenses made erroneous accrual entries to conceal the costs from the fourth quarter of 2021 through the most recent quarter. During that time, Macy’s reported a total of $4.36 billion in delivery expenses. The company conducted an independent investi…