What was the amount of liabilities settled by Aplus for the year ended December 31, 2023?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
due to changes in tank removal costs, tank useful lives or if federal and/or state regulators enact new guidance on
the removal of such tanks. Changes in the carrying amount of asset retirement obligations for the years ended December 31, 2023 and 2022 were as follows:
| | | Year Ended December 31, | | | | |--------------------
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the liabilities settled for the year ended December 31, 2023, amounted to $1. In comparison, the liabilities settled for the year ended December 31, 2022, were $2.
This information is part of the contracts section within the FDD. It provides a summary of the changes in Aplus's liabilities from the beginning to the end of the year, accounting for liabilities incurred, settled, and any accretion expense.
For a prospective franchisee, this data offers insight into how Aplus manages its financial obligations and provides a historical view of its liability settlements. Reviewing these figures over multiple years can help potential franchisees understand the stability and financial management practices of Aplus.