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Monday, Jul 30
2012, 2:56 PM
Under Armour (UA +0.1%) falls under the microscope of the professors who contribute scathing...
Under Armour (UA +0.1%) falls under the microscope of the professors who contribute scathing analysis at the Grumpy Old Accountants blog due to its booking of a $3.3M gain on a $63.8M acquisition of tangible and intangible assets that it claims came in under fair market value. Though the gain was socked away into the firm's SG&A expenses back in 2011, it's the kind of accounting scrutiny that has made things uncomfortable in the past for prior targets of the relentless accounting profs.