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PAGE1Commonwealth of PennsylvaniaCampaign Finance Report (NOTE: This report must be clear and legible. It may be typed or printed in blue or black ink.) Filer Identification Number :1120 RODMAN ST.,

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How to fill out statement of financial condition

01

Gather all the necessary financial documents, such as bank statements, investment statements, and tax returns.

02

List all your assets, including cash, investments, real estate, and personal property, at their current market value.

03

List all your liabilities, such as mortgages, credit card debt, and loans.

04

Calculate your net worth by subtracting your total liabilities from your total assets.

05

Include any additional information required by the specific institution or organization requesting the statement of financial condition.

Who needs statement of financial condition?

01

Banks and financial institutions may require a statement of financial condition as part of a loan application process.

02

Investors may request a statement of financial condition before making investment decisions.

03

Individuals may need a statement of financial condition for legal purposes, such as divorce proceedings or estate planning.

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What is statement of financial condition?

Statement of financial condition is a summary of an individual or organization's financial status at a specific point in time. It includes assets, liabilities, and net worth.

Who is required to file statement of financial condition?

Individuals or organizations who are required by law or regulation to do so, such as certain businesses, non-profit organizations, or individuals filing for bankruptcy.

How to fill out statement of financial condition?

It is typically filled out by disclosing all assets, liabilities, and net worth on a form provided by the relevant governing body. The form may require supporting documentation such as bank statements or tax returns.

What is the purpose of statement of financial condition?

The purpose is to provide a snapshot of an individual or organization's financial health, to assess creditworthiness, eligibility for loans, or to comply with legal or regulatory requirements.

What information must be reported on statement of financial condition?

Assets such as cash, investments, property; liabilities such as debts, loans, mortgages; and net worth, which is assets minus liabilities.

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