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TRILLION COMMUNICATIONS CORP.FINANCIAL STATEMENTSFOR THE YEARS ENDED DECEMBER 3 i, 2 a a 8 AND 2 a a 7TRILLION COMMUNICATIONS CORP.TABLE OF CONTENTSPage INDEPENDENT AUDITORS\' REPORT2FINANCIAL STATEMENTS
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01
Gather all financial statements from each individual entity that needs to be combined.
02
Eliminate any intercompany transactions between the entities to avoid double counting.
03
Add together the assets, liabilities, revenues, and expenses of each entity to create a combined financial statement.
04
Prepare a consolidated balance sheet, income statement, and cash flow statement reflecting the combined financial information.
05
Present the combined financial statements to stakeholders or regulatory bodies as necessary.

Who needs combined financial statements as?

01
Corporations with multiple subsidiaries or divisions that operate separately but need to report their financial information as a single entity.
02
Investors who want a comprehensive view of a company's overall financial health by combining the financial data of all its subsidiaries or investments.
03
Regulatory bodies that require companies to provide a consolidated view of their financial performance for compliance purposes.
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Combined financial statements are financial statements that present the financial position and results of operations of a parent company and its subsidiaries as a single entity, for the purpose of providing a clear view of the overall financial status.
Entities that control multiple subsidiaries or groups of companies are generally required to file combined financial statements, particularly if they have legal or financial obligations to report their collective performance.
To fill out combined financial statements, gather financial data from all entities involved, eliminate intercompany transactions, and present the consolidated financial figures in accordance with applicable accounting standards.
The purpose of combined financial statements is to provide stakeholders with a comprehensive view of the financial performance and position of a group of companies under common control as if they were a single entity.
Combined financial statements must report assets, liabilities, equity, revenue, expenses, and cash flow, along with notes that explain the accounting policies and any significant transactions.
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