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OMB No. 15450047Return of Organization Exempt From Income Reinform 990Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) ^ Do not enter social security
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FRS stands for Financial Reporting Standard, which is a set of accounting rules and guidelines used in preparing financial statements.
Companies, organizations, and entities required to prepare financial statements are typically required to follow FRS.
FRS is typically filled out by following the specific guidelines and requirements set forth in the standard, ensuring accurate and consistent reporting.
The purpose of FRS is to ensure that financial statements are prepared in a consistent and transparent manner, providing relevant information to stakeholders.
Financial information such as income, expenses, assets, liabilities, and equity must be reported on FRS.
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