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990OMB No. 15450047Return of Organization Exempt From Income TaxForm (Rev. January 2020)Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) | Do not
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Financial statements for form refer to the structured reports that provide an overview of a company's financial performance and position, typically including the income statement, balance sheet, and cash flow statement.
Generally, publicly traded companies and certain private companies, as well as organizations that meet specific regulatory thresholds, are required to file financial statements.
To fill out financial statements, collect accurate financial data, organize it according to the required standardized format, and ensure compliance with accounting principles and reporting regulations.
The purpose of financial statements is to provide stakeholders, including investors, creditors, and regulators, with an accurate representation of a company's financial health and performance over a specific period.
Financial statements must report information such as revenue, expenses, profit/loss, assets, liabilities, equity, and cash flow activities.
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