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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.20549 ___ FORM 10Q ___ (Mark One)? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly
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01
Gather all necessary financial information for the reporting period.
02
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01
Companies that are required to file financial statements with regulatory bodies.
02
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Condensed consolidated statements provide a summarized view of the financial position and performance of a parent company and its subsidiaries, combining their financial results into a single report.
Public companies and those with significant subsidiaries are generally required to file condensed consolidated statements as part of their periodic financial reporting.
Condensed consolidated statements should be filled out by aggregating the financial results of the parent company and its subsidiaries, adjusting for intra-group transactions, and presenting summary financial information as per applicable accounting standards.
The purpose of condensed consolidated statements is to provide stakeholders with a clear and concise overview of the combined financial performance and position of a corporate group in a timely manner.
Condensed consolidated statements typically report on total revenue, net income, total assets, and liabilities, along with cash flow information and key financial ratios.
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