Combined Financial Statements for Commonly Owned Companies

Combined financial statements present two or more entities under common control as one reporting entity when no parent-subsidiary relationship exists, per ASC 810-10-55-1B. Intercompany balances and transactions between the combined entities get eliminated under ASC 810-10-45-10, so combining isn’t addition. Indinero’s CPA-led team produces them for brother-sister owner groups, with the entity-level books, the combination, and the entity tax returns inside one engagement.