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SCHEDULER Commonwealth of Kentucky Department of RevenueKENTUCKY CONSOLIDATED RETURN SCHEDULE (Attach All Applicable Schedules)*1800030215×Name of Corporation2018Federal Identification Number Kentucky
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Eliminations are the process of removing intercompany transactions between entities within the same corporate group to avoid double counting.
Companies that have multiple entities operating within the same corporate group are required to file eliminations.
Eliminations can be filled out by consolidating financial statements from each entity within the corporate group and removing any intercompany transactions.
The purpose of eliminations is to present a more accurate and consolidated financial picture of the entire corporate group.
Intercompany transactions, adjustments, and reconciliations between entities must be reported on eliminations.
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