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Electronic Filing: Received, Clerk\'s Office 07/23/2020Page 1ILLINOIS POLLUTION CONTROL BOARDING THE MATTER OF:)R1914NATIONAL AMBIENT AIR)(Consolidated:QUALITY STANDARDS, SEPA)R203 and R2011)REGULATIONS
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Gather all relevant financial information from different sources.
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Summarize all financial data into one comprehensive document.
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Who needs consolidated?

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Corporations with multiple subsidiaries.
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Investors looking for a comprehensive view of a company's financial position.
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Regulatory bodies requiring consolidated financial statements for reporting purposes.
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Consolidated refers to the combination of financial data from multiple entities into a single set of financial statements, typically used by companies that own or control subsidiary companies.
Companies that own more than 50% of another entity's voting stock or have significant control over that entity are required to file consolidated financial statements.
To fill out consolidated financial statements, gather the financial records of all entities involved, eliminate intercompany transactions, and compile the data into a unified format according to accounting standards.
The purpose of consolidated financial statements is to provide a comprehensive view of the financial position and performance of a group of companies as if they were a single entity.
Consolidated financial statements must report consolidated income, expenses, assets, liabilities, and equity for the entire corporate group, along with notes explaining significant accounting policies and transactions.
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