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North Carolina-based Ingles said yesterday that the US Securities and Exchange Commission (SEC) has begun an informal investigation into its vendor accounting issues between 2002 and 2004. The company said that it has determined that certain payments to vendors were recorded in the wrong periods or incorrectly, and that some financial results may have to be restated.’’

The company also said that same-store sales rose 8.2 percent for the fourth quarter ended Sept. 25, as total sales also rose 8.2 percent to $544.1 million.
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