What was the amount of accumulated other comprehensive income for Aunt Millies Bakeries on October 1, 2021?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
ver the life of the corresponding lease.
The lease is an operating lease and is included in the adoption of ASC 842 (Note 6). The balance of the deferred gain was approximately $2,604,000 and $2,851,000 at September 30, 2023 and 2022, respective
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the accumulated other comprehensive income on October 1, 2021, was $993,393. This figure represents the total unrealized gains and losses on available-for-sale securities, which are excluded from the company's earnings and reported separately until they are realized.
For a prospective Aunt Millies Bakeries franchisee, understanding this number in isolation may not be particularly useful. However, it's part of the overall financial picture that indicates the company's financial health and how it manages its investments. Accumulated other comprehensive income can fluctuate based on market conditions and investment performance.
It is important to note that this value is a component of the total equity and provides insight into how Aunt Millies Bakeries manages its financial assets and reports its financial performance beyond net income. Reviewing these figures over several years, as presented in the table, can provide a more comprehensive understanding of the company's financial trends.