Get the free Consolidated Balance Sheets as of March 31, 2016 and December 31, 2015

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UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549FORM10Q (MarkOne)xQUARTERLYREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACT OF1934FORTHEQUARTERLYPERIODENDEDMARCH31,2016TRANSITIONREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACT

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How to fill out consolidated balance sheets as

01

Start by gathering all the financial statements of the parent company and its subsidiaries.

02

Combine the individual balance sheets of the parent company and its subsidiaries into one consolidated balance sheet.

03

Eliminate any intercompany transactions to avoid double-counting.

04

Include a column for the parent company and separate columns for each subsidiary.

05

Calculate the total assets, liabilities, and equity for each entity and include them in the consolidated balance sheet.

06

Ensure that all accounts are properly classified and labeled.

07

Prepare a consolidated income statement and cash flow statement to accompany the consolidated balance sheet.

Who needs consolidated balance sheets as?

01

Large corporations with subsidiaries often need consolidated balance sheets to provide a comprehensive view of the financial health of the entire corporate group.

02

Investors and shareholders may need consolidated balance sheets to assess the overall performance and risk of a company and its subsidiaries.

03

Regulatory bodies, such as the Securities and Exchange Commission (SEC), may require consolidated balance sheets for publicly traded companies.

04

Lenders and creditors may request consolidated balance sheets to evaluate the creditworthiness and financial stability of a company.

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What is consolidated balance sheets as?

Consolidated balance sheets are financial statements that present the financial position of a parent company and its subsidiaries as a single entity, combining their assets, liabilities, and equity.

Who is required to file consolidated balance sheets as?

Companies that control one or more subsidiaries are required to file consolidated balance sheets, typically parent companies that own more than 50% of another entity.

How to fill out consolidated balance sheets as?

To fill out consolidated balance sheets, one must combine the financial statements of the parent and all subsidiaries, adjusting for intercompany transactions and eliminating duplicate entries.

What is the purpose of consolidated balance sheets as?

The purpose of consolidated balance sheets is to provide users with an overview of the financial health and stability of the entire corporate group rather than individual entities.

What information must be reported on consolidated balance sheets as?

Consolidated balance sheets must report total assets, total liabilities, and total equity for the entire group, including detailed line items for each category.

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