What was the total stockholder's equity for Afuri Ramen Dumpling?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
| 6 | | Notes to Financial Statements | 7-11 |
SKY ACCOUNTANCY CORPORATION
INDEPENDENT AUDITORS' REPORT
To the Board of Directors and Shareholder of Afuri Franchise, Inc.
Opinion
We have audited the accompanying financial statements of Afuri Franchise, Inc. (the "Company"), which comprise the balance sheet as of December 31, 2023, and the related statements of operations, changes in stockholder's equity, and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2023, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America ("GAAS").
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the company's stockholder's equity is detailed in the provided financial statements. The independent auditor's report from Sky Accountancy Corporation indicates that they audited the balance sheet as of December 31, 2023, along with the statements of operations, changes in stockholder's equity, and cash flows for the year then ended.
The auditor's opinion states that the financial statements present fairly the financial position of Afuri Ramen Dumpling as of December 31, 2023, and the results of its operations and cash flows for the year then ended, in accordance with accounting principles generally accepted in the United States of America.
While the auditor's report confirms the existence of a statement of changes in stockholder's equity, the specific total value of the stockholder's equity is not disclosed within the provided excerpts. A prospective franchisee would need to consult the full financial statements within the FDD to ascertain the actual stockholder's equity as of December 31, 2023.