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FORM 10QSBQUARTERLY OR TRANSITIONAL REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Quarterly or Transitional Report U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C.

How to fill out basis of presentation

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What is the basis of presentation?

The basis of presentation refers to the specific accounting principles or framework used to prepare and present financial statements.

Who is required to file basis of presentation?

All businesses and organizations that are required to prepare financial statements are also required to determine and disclose their basis of presentation.

How to fill out basis of presentation?

To fill out basis of presentation, entities need to consider factors such as the nature of their operations, regulatory requirements, and the needs of users of financial statements. They should also consult with their accounting professionals for guidance.

What is the purpose of basis of presentation?

The purpose of basis of presentation is to provide transparency and consistency in the preparation and presentation of financial statements, ensuring that users can make informed decisions based on the information provided.

What information must be reported on basis of presentation?

The basis of presentation should include information on the accounting principles or framework used, any significant accounting policies adopted, and any changes in those policies that may impact the financial statements.

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