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Republic of the Philippines Metropolitan Cebu Water District Cor. Magazines and Laplace St's., Cebu CitySP0602:2014 (Revisions of SP0601:2012)MCD TECHNICAL STANDARDS AND SPECIFICATIONS FOR DUCTILE

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What is annual financial statement?

An annual financial statement is a comprehensive report of a company's financial activities throughout the year, including balance sheet, income statement, cash flow statement, and notes to financial statements.

Who is required to file annual financial statement?

All businesses, including corporations, partnerships, and sole proprietors, are required to file annual financial statements.

How to fill out annual financial statement?

To fill out an annual financial statement, you will need to gather all financial records and transactions for the year, organize them into the required financial statements, and ensure compliance with accounting standards.

What is the purpose of annual financial statement?

The purpose of an annual financial statement is to provide stakeholders with information about a company's financial performance and position, facilitating decision-making and accountability.

What information must be reported on annual financial statement?

An annual financial statement must include balance sheet, income statement, cash flow statement, and notes to financial statements, providing details about assets, liabilities, revenues, expenses, and cash flows.

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