What is the currency denomination used in the Atwell Suites Consolidated Statements of Comprehensive Income?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| Statement of comprehensive income | ||||
|---|---|---|---|---|
| Net income | $ 741,863 | $ 18,807 | $ 760,670 | |
| Unrealized gains (losses) on securities | 18,807 | (18,807) | - | |
| Total other comprehensive income, net of tax | 19,468 | (18,807) | 661 | |
| Comprehensive income | 761,331 | - | 761,331 | |
| Statement of changes in Parent’s Investment | ||||
| Net income | $ 741,863 | $ 18,807 | $ 760,670 | |
| Other comprehensive income | 19,468 | (18,807) | 661 | |
| Balance at December 31, 2023 | 483,065 | - | 483,065 | |
| Statement of Cashflows | ||||
| Net income | $ 741,863 | $ 18,807 | $ 760,670 | |
| Other adjustments | 31,277 | (25,109) | 6,168 | |
| Deferred income taxes | (38,915) | 6,302 | (32,613) | |
| 1,182,767 | - | 1,182,767 | ||
| Net cash provided by operating activities |
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
According to Atwell Suites' 2025 Franchise Disclosure Document, the currency used in the Consolidated Statements of Comprehensive Income is the U.S. dollar. This is evidenced by the dollar signs ($) preceding the numerical values in the provided statements.
Specifically, the Statement of Comprehensive Income includes line items such as "Net income" and "Comprehensive income" which are denominated in U.S. dollars. For example, the net income is listed as $741,863 and comprehensive income as $761,331.
This indicates that all financial figures presented in these statements are in United States currency. This is important for prospective franchisees to understand, as all financial reporting and analysis will be based in U.S. dollars.