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Nov 3, 2015 ... of the bylaws on this subject. BYLAW NO. ADOPTED. 2439. November ... February 17, 2015 ... The bylaw numbers in bold at the end of the clause refer to the bylaws that amended the ...
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What is this is a consolidation?
This is a consolidation refers to combining multiple financial statements into one comprehensive financial statement.
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Companies or organizations with multiple subsidiaries or business units are usually required to file a consolidation.
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To fill out a consolidation, one must gather financial information from each entity, eliminate inter-company transactions, and combine the data into a single set of financial statements.
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The purpose of a consolidation is to provide a clearer picture of the financial position and performance of a group of companies as a whole.
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Information such as revenue, expenses, assets, liabilities, equity, and cash flows of all the entities being consolidated must be reported.
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