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DIRTTEnvironmentalSolutionsLtd. UnauditedCondensedConsolidatedFinancialStatements ForthethreemonthsendedMarch31,2017and2016 DIRTTENVIRONMENTALSOLUTIONSLTD.1 INDEX CondensedConsolidatedStatementsofFinancialPosition.......................................................................3
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How to fill out condensedconsolidatedstatementsoflossincomeandcomprehensiveloss
01
To fill out the condensed consolidated statements of loss, income and comprehensive loss, follow these steps:
02
Begin by gathering all relevant financial data, including revenue, expenses, gains, and losses.
03
Determine the appropriate format for presenting the condensed consolidated statements based on accounting standards and regulations.
04
Start with the header section, which includes the company's name, statement title, and reporting period.
05
List the significant accounting policies used in preparing the condensed consolidated statements.
06
Present the condensed consolidated statement of loss, income, and comprehensive loss, including the key elements such as revenue, cost of goods sold, operating expenses, interest expense, and income tax expense.
07
Calculate the subtotal for gross profit or loss, as well as operating profit or loss.
08
Include any non-operating items or extraordinary items, if applicable.
09
Calculate the total net loss or comprehensive loss.
10
Close the statements with appropriate disclosures and signature lines.
11
Review the filled-out condensed consolidated statements for accuracy and completeness before finalizing and publishing.
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01
Condensed consolidated statements of loss, income and comprehensive loss are needed by various stakeholders, including:
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- Shareholders and investors who want to assess the financial performance and health of the company.
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- Internal management and executives who use the statements to make strategic decisions, identify areas of improvement, and monitor financial performance.
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- Potential buyers or business partners who need to evaluate the financial position of the company before making investment or partnership decisions.
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