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IN THE SUPREME COURT OF FLORIDA (Before a Referee) THE FLORIDA BAR, CONSOLIDATED: Complainant, CASE NO. SC101332 TFB FILE NO. 200910,287(13B) CASE NO. SC101333 TFB FILE NO. 200910,288(13B)v. WILLIAM
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Consolidated refers to combining the financial statements of multiple entities into a single set of statements.
Companies with subsidiaries or related entities that meet certain criteria are required to file consolidated financial statements.
To fill out consolidated financial statements, the financial information from all the entities must be combined and adjusted for eliminations of intercompany transactions.
The purpose of consolidated financial statements is to provide a comprehensive view of the financial position and performance of a group of related entities.
Consolidated financial statements must include the assets, liabilities, revenues, and expenses of all the entities being consolidated.
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