Get the free Consolidated Statement of Income for the Three Months Ended March, 2015, and 2014

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549Form 10Q quarterly REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

How to fill out consolidated statement of income

How to fill out consolidated statement of income

1. To fill out a consolidated statement of income, follow these steps:
2. Gather the financial information of all the subsidiaries or entities that need to be included in the consolidated statement.
3. Sum up the revenue from all the entities and record it in the consolidated statement under the 'Revenue' section.
4. Add up the cost of goods sold, operating expenses, and other expenses for each entity and enter the totals in their respective sections of the consolidated statement.
5. Calculate the gross profit by subtracting the cost of goods sold from the revenue.
6. Deduct the operating expenses and other expenses from the gross profit to obtain the operating income.
7. Include any non-operating income or expenses, such as interest income or expenses, gains or losses from investments, etc., in the corresponding section of the consolidated statement.
8. Calculate the income tax expense based on the applicable tax rate and include it in the statement.
9. Finally, calculate the net income by subtracting the income tax expense from the operating income and non-operating income.
10. Present the consolidated statement of income in a clear and organized format, indicating the figures for each entity and the consolidated totals.
11. Note: It is recommended to consult professional accountants or refer to accounting standards for specific guidelines and requirements.

Who needs consolidated statement of income?

1. A consolidated statement of income is needed by various entities and individuals, including:
2. - Multinational companies that have subsidiaries or affiliated entities.
3. - Investors and shareholders of a company who want to have a comprehensive understanding of its financial performance and profitability.
4. - Regulators and government agencies that require financial statements for regulatory compliance and oversight purposes.
5. - Creditors and lenders who assess the creditworthiness and financial stability of a company before extending loans or credit.
6. - Analysts and financial experts who analyze the financial performance and trends of companies for investment or advisory purposes.
7. - Consultants and advisors who provide financial advice and guidance to businesses.

For pdfFiller’s FAQs

Where do I find consolidated statement of income?

With pdfFiller, an all-in-one online tool for professional document management, it's easy to fill out documents. Over 25 million fillable forms are available on our website, and you can find the consolidated statement of income in a matter of seconds. Open it right away and start making it your own with help from advanced editing tools.

Can I create an eSignature for the consolidated statement of income in Gmail?

It's easy to make your eSignature with pdfFiller, and then you can sign your consolidated statement of income right from your Gmail inbox with the help of pdfFiller's add-on for Gmail. This is a very important point: You must sign up for an account so that you can save your signatures and signed documents.

How do I edit consolidated statement of income straight from my smartphone?

You may do so effortlessly with pdfFiller's iOS and Android apps, which are available in the Apple Store and Google Play Store, respectively. You may also obtain the program from our website: https://edit-pdf-ios-android.pdffiller.com/. Open the application, sign in, and begin editing consolidated statement of income right away.

What is consolidated statement of income?

A consolidated statement of income is a financial document that combines the income statements of a parent company and its subsidiaries into a single report, reflecting the overall financial performance of the entire corporate group.

Who is required to file consolidated statement of income?

Any parent company that has one or more subsidiaries is required to file a consolidated statement of income, as it provides a comprehensive picture of the financial performance of the parent and its subsidiaries.

How to fill out consolidated statement of income?

To fill out a consolidated statement of income, the parent company must gather the income statements of all subsidiaries, eliminate any intercompany transactions, and then combine revenues, expenses, and profits to reflect the total income for the group.

What is the purpose of consolidated statement of income?

The purpose of the consolidated statement of income is to provide stakeholders with a clear view of the collective financial performance of a corporate group, facilitating better decision-making and financial analysis.

What information must be reported on consolidated statement of income?

The consolidated statement of income must report total revenues, cost of goods sold, gross profit, operating expenses, income from operations, other income and expenses, taxes, and net income.