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SALT LAKE CITY (AP) -- Utah-based Internet retailer Overstock.com says it's recalculating more financial statements because of accounting errors that already had the company under review by the Securities and Exchange Commission.
Overstock announced Thursday that it was shifting $1.7 million of income from 2009 to 2008.
The company attributed the problem to some accounting confusion involving other companies that sell goods on its website. A related problem involved incorrect invoices from a freight vendor.
In September, Overstock announced it had received its latest SEC subpoena linked to the agency's investigation of Overstock's financial restatements for fiscal years 2006 through 2008.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
