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DALLAS (AP) - Hospital operator Tenet Healthcare Corp. said Wednesday that it would restate its 2004 financial results to increase a tax expense on its income statement by $120 million.
The company said in a filing it had previously charged the $120 million against paid-in capital because excess tax deductions remained from earlier stock-option awards.
Just last month, Tenet said it would restate results from 2000 through 2004 because of errors in accounting on managed-care contracts. The restatement followed a request by the Securities and Exchange Commission to investigate a former employee's allegations about improper accounting at three hospitals in California.
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