Under FAS 94, parent-company-only statements must be included in notes to the consolidated statements.

Name: Under FAS 94, parent-company-only statements must be included in notes to the consolidated statements.
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FAS 94 (Statement of Financial Accounting Standards No. 94) requires the elimination of parent-company-only financial statements if consolidated statements are presented, thus not requiring parent-company-only statements to be included in the notes to the consolidated statements.

Under FAS 94, Parent-Company-Only Statements Must Be Included in Notes