GH259400TOMPUOLS65II proof:PriorReportMember 2019-12-31 GH259400TOMPUOLS65II 2019-12-31 GH259400TOMPUOLS65II proof:SegmentCharlieMember 2020-01-01 2020-12-31 GH259400TOMPUOLS65II proof:SegmentBravoMember 2020-01-01 2020-12-31 GH259400TOMPUOLS65II proof:SegmentAlphaMember 2020-01-01 2020-12-31 GH259400TOMPUOLS65II proof:VarianceMember 2020-01-01 2020-12-31 GH259400TOMPUOLS65II proof:BudgetedMember 2020-01-01 2020-12-31 GH259400TOMPUOLS65II 2020-01-01 2020-12-31 GH259400TOMPUOLS65II 2020-12-31 iso4217:USD iso4217:USDshares
Balance Sheet
ABC Company, Inc.
(See accompanying notes to the financial statements.)
 
(in US Dollars) As of December 31, 2020 As of December 31, 2019
ASSETS  
Current assets $500) $0)
Noncurrent assets 3,000) 0)
Assets $3,500) $0)
   
LIABILITIES AND EQUITY  
LIABILITIES  
Current liabilities $0) $0)
Noncurrent liabilities 0) 0)
Liabilities 0) 0)
EQUITY  
Equity attributable to controlling interests 3,000) 0)
Equity attributable to noncontrolling interests 500) 0)
Equity 3,500) 0)
   
Liabilities and equity $3,500) $0)
   
Statement of Net Assets
ABC Company, Inc.
(See accompanying notes to the financial statements.)
 
(in US Dollars) As of December 31, 2020 As of December 31, 2019
NET ASSETS  
Assets $3,500) $0)
Liabilities 0) 0)
Net assets $3,500) $0)
   
Statement of Comprehensive Income
ABC Company, Inc.
(See accompanying notes to the financial statements.)
 
(in US Dollars) For period ended December 31, 2020
Comprehensive income: 
Revenue $7,000)
Expenses (3,000)
Gains 1,000)
Losses (2,000)
Comprehensive income $3,000)
  
Statement of Comprehensive Income (Alternative)
ABC Company, Inc.
(See accompanying notes to the financial statements.)
 
(in US Dollars) For period ended December 31, 2020
Comprehensive income: 
Income from normal activities of entity $2,000)
Income from peripheral or incidental transactions of entity 1,000)
Comprehensive income $3,000)
  
Cash Flow Statement
ABC Company, Inc.
(See accompanying notes to the financial statements.)
 
(in US Dollars) For period ended December 31, 2020
Net cash flow: 
Net cash flow from operating activities $1,500)
Net cash flow from investing activities 1,000)
Net cash flow from financing activities 1,000)
Net cash flow 3,500)
Assets, beginning balance 0)
Assets,ending balance $3,500)
  
Prior Period Adjustments
ABC Company, Inc.
 
(in US Dollars) Origionally stated and restated as of December 31, 2019
Prior period adjustment: 
Equity, origionally stated $2,000)
Changes in accounting policy (1,500)
Correction of an error (500)
Equity, restated $0)
  
Statement of Changes in Equity
ABC Company, Inc.
(See accompanying notes to the financial statements.)
 
(in US Dollars) For period ended December 31, 2020
Changes in equity: 
Equity, beginning balance $0)
Comprehensive income 3,000)
Investments by owners 1,000)
Distributions to owners (500)
Equity, ending balance $3,500)
  
Policies
ABC Company, Inc.
 
Basis of reporting:

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Sed mauris. Nulla facilisi. Fusce tristique posuere ipsum. Nulla facilisi. Aliquam viverra risus vitae ante. Sed rhoncus mi in wisi. Nullam nibh dui, molestie vitae, imperdiet non, ornare at, elit. Aenean nec justo. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Duis sodales.

 
Nature of operations:
  20XX 20XX
Sed dapibus dui quis lectus; Donec id sem. Integer sit amet 2% diam ac nibh consequat vestibulum; Sed eget augue malesuada quam adipiscing mattis XX,XXX XX,XXX
Sed lobortis, Maecenas scelerisque ullamcorper libero, Aliquam porta $880 leo imperdiet pede XX,XXX -
Nunc congue. Fusce venenatis. Maecenas tincidunt, ipsum in fringilla hendrerit, dolor metus eleifend neque, vel tincidunt mi nunc a purus - XX,XXX
Fusce venenatis. Maecenas tincidunt, ipsum in fringilla $1,200 hendrerit, dolor metus eleifend neque, vel tincidunt mi nunc a purus XX,XXX XX,XXX
Pellentesque XXX,XXX XXX,XXX
 
Revenue recognition policy:

Nature of business

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  • Suspendisse accumsan, arcu vel ornare interdum, magna tellus porta mauris, in porta mi lacus sodales felis.
  • Phasellus eleifend, diam vitae dapibus pulvinar, erat ligula auctor dui, eget congue justo lorem hendrerit tellus.
  • Fusce gravida, ligula a placerat placerat, leo erat euismod lectus, et lacinia justo libero non pede.

Fusce gravida, ligula a placerat placerat, leo erat euismod lectus, et lacinia justo libero non pede. Vivamus ac velit vel magna nonummy pretium.

  1. Etiam ut augue
  2. Aliquam erat volutpat
 
Variance from Budget
ABC Company, Inc.
 
(in US Dollars) As of December 31, 2020 Budgeted Variance Actual
VARIANCE FROM BUDGET   
Revenues $6,000) $1,000) $7,000)
Expenses (2,000) (1,000) (3,000)
Gains 750) 250) 1,000)
Losses (1,000) (1,000) (2,000)
Comprehensive income $3,750) $(750) $3,000)
    
Segments
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2020 Segment Alpha Segment Bravo Segment Charlie All Segments
SEGMENTS    
Revenues $1,000) $4,000) $2,000) $7,000)
     
Stock Plan Activity
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2020
Weighted average grant date fair value: 
Nonvested fair value, beginning balance 32.72)
Granted 41.51)
Vested 30.92)
Forfeited 35.93)
Nonvested fair value, ending balance 36.92)
  
Financial Highlights
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2020
Financial highlights: 
Revenues $7,000)
Comprehensive income 3,000)
Distributions to owners 500)