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FORM 5 QUARTERLY LISTING STATEMENT Name of Listed Issuer: Chemistry Technology Inc. (Formerly Whattozee Networks Inc.). (the Issuer). Trading Symbol: CHM This Quarterly Listing Statement must be posted
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01
Start by gathering all the necessary financial information for the period in question, including revenue, expenses, assets, and liabilities.
02
Prepare the income statement by calculating the net income or loss for the period based on the revenue and expenses incurred.
03
Determine the ending balance for each asset and liability account on the balance sheet by considering the transactions that occurred during the period.
04
Calculate the equity section of the balance sheet by considering any changes in owner's equity or retained earnings.
05
Prepare the cash flow statement by analyzing the cash flows from operating, investing, and financing activities during the period.
06
Review the financial statements for accuracy and completeness, making any necessary adjustments or corrections.
07
Provide a comprehensive explanation in the notes to the financial statements regarding the absence of interim statements and any relevant information for users of the financial statements to understand the financial position and performance of the entity.
Who needs if no interim statements?
01
Different parties may require interim statements even if there are no interim statements available. These parties could include:
02
- Potential investors or lenders who want to assess the financial stability and performance of the entity before making investment decisions.
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- Internal management and stakeholders who need the information to evaluate the financial health and make informed decisions.
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- Creditors or suppliers who need to assess the creditworthiness and financial position of the entity before extending credit or entering into business relationships.
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- Analysts or financial institutions who rely on accurate and timely financial information for various analytical purposes.
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What is if no interim statements?
If there are no interim statements, it means that a company has not prepared interim financial reports for a specific period between regular reporting dates.
Who is required to file if no interim statements?
Generally, publicly traded companies are required to file interim statements, but if they do not, they may not be subject to the same filing requirements as companies that do prepare these statements.
How to fill out if no interim statements?
If there are no interim statements, there is nothing to fill out; companies should maintain records and ensure compliance with full reporting requirements.
What is the purpose of if no interim statements?
The purpose of having no interim statements is often to reduce reporting burden or because the company is in a non-reporting phase.
What information must be reported on if no interim statements?
If no interim statements are filed, the company must ensure timely and accurate reports on its annual financial statements instead.
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