What was the total value of Antioch Pizza Shop's assets at January 1, 2021?
Antioch_Pizza_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
48 | 344,518 | | 131,403 | | Net income | $ | 218,330 | $ 35,383 | $ | 259,523 |
STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
For the years ended December 31, 2024, 2023, and 2022
| Common Stock | Additional Paid-in | Retained |
|---|
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to Antioch Pizza Shop's 2025 Franchise Disclosure Document, the balance sheet reflects the company's financial position at specific points in time. The balance sheet details the assets, liabilities, and equity of Antioch Pizza Shop..
Specifically, the balance sheet shows the components of stockholders' equity, including common stock, additional paid-in capital, and retained earnings. The balances at January 1, 2021, show that the common stock was valued at $10, additional paid-in capital was $6,810, and retained earnings were $263,858.
Therefore, the total stockholders' equity at January 1, 2021, was $270,678. This figure represents the net assets of Antioch Pizza Shop at the beginning of the 2021 fiscal year.