In the consolidated financial statements for 360 Painting, are intercompany accounts and transactions eliminated?

According to 360 Painting's 2025 Franchise Disclosure Document, the consolidated financial statements include the accounts of the company and its wholly-owned subsidiaries. In preparing these consolidated statements, all intercompany accounts and transactions have been eliminated.

This means that any financial transactions or balances between 360 Painting and its subsidiaries are removed when the overall financial picture of the entire organization is presented. This is a standard accounting practice to avoid inflating revenue or assets by counting transactions within the company as if they were external.

For a prospective 360 Painting franchisee, this indicates that the financial statements provide a clear and accurate view of the company's overall financial health, without the distortion of internal transactions. This is a positive sign, as it suggests that 360 Painting adheres to standard accounting practices and provides transparent financial reporting.