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AFFIDAVIT UNDER SECTION 255 TAX LAW CONSOLIDATION AND EXTENSIONSTATE OF NEW YORK :: SS.: COUNTY OF : being duly sworn, deposes and says:1a. That (s)he is the of, the holder of the mortgage hereinafter
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Consolidation and extension is a process where multiple entities combine their financial statements and extend the reporting period.
Companies with subsidiaries or multiple entities are required to file consolidation and extension.
Consolidation and extension forms are typically filled out by including the financial data from each entity and following the specific instructions provided by the regulatory authority.
The purpose of consolidation and extension is to provide a comprehensive view of the financial activities of all entities under common control.
Consolidation and extension requires reporting of financial statements, intercompany transactions, and any relevant disclosures.
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