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Get the free Condensed Consolidated Balance Sheets as of June 30, 2017 and December 31, 2016

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549FORM 10Q (Mark One)QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly
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How to fill out condensed consolidated balance sheets

01
Step 1: Gather the necessary financial information, including the balance sheet of each subsidiary or consolidated entity.
02
Step 2: Determine the reporting period for the condensed consolidated balance sheets.
03
Step 3: Prepare a summary of the assets, liabilities, and equity for each subsidiary or consolidated entity.
04
Step 4: Eliminate any intercompany transactions or balances to avoid double counting.
05
Step 5: Combine the individual balance sheets into a single consolidated balance sheet.
06
Step 6: Present the condensed consolidated balance sheet by categorizing assets, liabilities, and equity sections.
07
Step 7: Include any necessary disclosures and footnotes to provide additional information.
08
Step 8: Review and validate the accuracy of the condensed consolidated balance sheets before finalizing.

Who needs condensed consolidated balance sheets?

01
Companies involved in mergers and acquisitions.
02
Publicly traded companies required to file financial statements with regulatory authorities.
03
Lenders and creditors assessing the financial health and risk of a business.
04
Investors and shareholders analyzing the performance and financial position of a company.
05
Financial analysts and consultants conducting financial analysis and valuation.
06
Accounting professionals preparing financial reports and statements.
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Condensed consolidated balance sheets are financial statements that present the assets, liabilities, and equity of a parent company and its subsidiaries in a summarized format. They provide key financial information in a more compact form than full balance sheets.
Publicly traded companies and certain other entities, usually required by regulatory bodies like the SEC, must file condensed consolidated balance sheets as part of their quarterly and annual reports.
To fill out condensed consolidated balance sheets, companies must consolidate the financial information of the parent and its subsidiaries, adjust for intercompany transactions, and summarize total assets, liabilities, and equity in a structured format.
The purpose of condensed consolidated balance sheets is to provide stakeholders, including investors and creditors, with a concise overview of a company's financial position, allowing for quick analysis of its financial health.
The information that must be reported includes total assets, total liabilities, and total shareholders' equity, along with major categories of each, such as current and non-current assets and liabilities.
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