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Revised October 2018 Decision FILED 12/21/18BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF04:59 PM CALIFORNIA Application of Southern California Edison Company (U338E) for Approval of Energy
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Consolidated financial statements combine the financial results of multiple separate legal entities.
Parent companies with one or more subsidiaries are required to file consolidated financial statements.
Consolidated financial statements are typically prepared by combining the individual financial statements of the parent company and its subsidiaries.
The purpose of consolidated financial statements is to provide a comprehensive view of the financial health of a group of related companies.
Consolidated financial statements must include the assets, liabilities, revenues, and expenses of the parent company and all its subsidiaries.
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