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Financial Statements For the Years Ended September 30, 2022, and 2021and Report ThereonLUPUS FOUNDATION OF AMERICA, INC. TABLE OF CONTENTS For the Years Ended September 30, 2022, and 2021 ___ Page Independent
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A form consolidated balance sheet is a financial statement that provides a summary of the assets, liabilities, and equity of a parent company and its subsidiaries, combined into one document.
Companies that have subsidiaries or controlled entities are required to file a consolidated balance sheet, typically as part of their financial reporting obligations.
To fill out a form consolidated balance sheet, you must list all consolidated entities, total the assets and liabilities of each, eliminate intercompany transactions, and present a single balance sheet that reflects the financial position of the combined entities.
The purpose of a form consolidated balance sheet is to provide stakeholders a comprehensive view of the financial health and position of the combined entities, facilitating better decision-making.
A consolidated balance sheet must report total assets, total liabilities, and total equity, as well as details on specific asset and liability categories such as cash, receivables, inventory, payables, and long-term debt.
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