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FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION Truist Securities, Inc. (A Wholly Owned Subsidiary of Truist Financial Corporation) Year Ended December 31, 2023 With Report of Independent Registered
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Gather all necessary financial information such as income, expenses, assets, and liabilities.
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Financial statements are formal records of the financial activities and position of a business, person, or other entity. Supplemental information provides additional details and explanations to support the financial statements.
Businesses, organizations, and individuals who are required to comply with financial reporting standards, such as publicly traded companies, are required to file financial statements and supplemental.
Financial statements and supplemental are usually prepared by accountants or financial professionals who analyze the financial data of an entity and present it in the required format.
The purpose of financial statements and supplemental is to provide a clear and accurate picture of the financial health and performance of an entity, helping stakeholders make informed decisions.
Financial statements must include information about assets, liabilities, equity, income, expenses, and cash flows. Supplemental information may include explanations, details, and additional disclosures.
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