Marsh Supermarkets, Indianapolis, reported that a change in its accounting procedure will result in a charge to earnings for the first quarter of its 1997 fiscal year. Earnings for the quarter are expected to be reduced by $2.5 million to $3.5 million to cover the adoption of FAS No. 121, a mandatory Financial Accounting Standards Board rule that addresses accounting practices for certain long-term
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Marsh Supermarkets, Indianapolis, reported that a change in its accounting procedure will result in a charge to earnings for the first quarter of its 1997 fiscal year. Earnings for the quarter are expected to be reduced by $2.5 million to $3.5 million to cover the adoption of FAS No. 121, a mandatory Financial Accounting Standards Board rule that addresses accounting practices for certain long-term assets.
