Costco cos., Issaquah, Wash., said last week sales rose 11% to $23.8 billion for the year ended Aug. 30, while comparable sales were up 8%. The company also denied reports that it has been contacted by the Securities and Exchange Commission regarding accounting practices in its recognition of membership income. "While it is the company's policy not to comment on rumors, this rumor is false," the company said last week. "Costco has not been contacted by the SEC on any accounting matter during ...
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