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CONSOLIDATED FOR CONVENIENCE CITY OF PORT MOODY COUNCIL PROCEDURE BYLAW No. 2988, 2014 TABLE OF CONTENTS 1.CITATION ........................................................................................................................
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Consolidated for convenience refers to combining multiple financial statements of related entities into one single statement for ease of analysis.
Companies that have subsidiaries or other related entities are typically required to file consolidated financial statements for convenience.
To fill out consolidated financial statements for convenience, the financial information of each related entity needs to be combined according to the appropriate accounting standards.
The purpose of consolidated financial statements for convenience is to provide a clear picture of the overall financial health and performance of a group of related entities.
Consolidated financial statements for convenience must include combined balances of assets, liabilities, revenues, and expenses of the related entities.
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