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6/18/2018Form** PUBLIC DISCLOSURE COPY **990OMB No. 15450047Return of Organization Exempt From Income Tax2017Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) |
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Financial statements are formal records of the financial activities and position of a business, person, or other entity.
Businesses, organizations, and individuals may be required to file financial statements depending on regulatory requirements or financial reporting standards.
Financial statements are typically prepared by accountants or financial professionals using financial data from the entity's records. They consist of balance sheets, income statements, and cash flow statements.
The main purpose of financial statements is to provide information about the financial performance and position of an entity to various stakeholders such as investors, creditors, and management.
Financial statements typically include details about assets, liabilities, equity, income, expenses, and cash flows of the entity.
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