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FILE PHOTO: A Tesco supermarket seen at dusk in an ‘art deco’ building in Perivale, west London, Britain January 6, 2015. REUTERS / Toby Melville / File Photo LONDON (Reuters) – Tesco, the UK’s largest retailer, said on Monday that a new accounting standard for lease treatment would have increased operating profit and margin in …

About 40 percent of private companies are behind in implementing the new lease accounting standard or have yet to start preparing, even though the implementation deadline is approaching, according to a new survey. The deadline for most US-based private companies to adopt the new standard is next January, and many kicked off the transition project …