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NOTE: Top and bottom portions of this form must be filled out in their entirety and returned to Employee Health Services to insure continuation of salary. REQUEST ABSENCE FOR PERSONAL ILLNESS / ILLNESS
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Note top and bottom is a financial reporting requirement that consists of disclosing the top part of a company's balance sheet (assets) and the bottom part (liabilities and equity).
Companies and organizations that are required to prepare financial statements in accordance with accounting standards are required to file note top and bottom.
Note top and bottom can be filled out by listing the assets on the top part and the liabilities and equity on the bottom part. Each item should be correctly categorized and labeled.
The purpose of note top and bottom is to provide transparency and clarity in a company's financial statements, allowing stakeholders to understand the financial position of the organization.
Information such as cash, accounts receivable, inventory, property, plant, and equipment must be reported on the top portion, while liabilities like accounts payable, loans, and equity must be reported on the bottom portion.
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