Do the Baya Bar financial statements include a statement of cash flows?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
Independent Auditor's Report
To the Members Baya Bar Franchise System, LLC Staten Island, New York
Report on the Audit of the Financial Statements
Opinion
We have audited the accompanying balance sheets of Baya Bar Franchise System, LLC as of December 31, 2023, and 2022 and the related statements of operations, members' equity and cash flows for the years ended December 31, 2023, 2022, and 2021, 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 Baya Bar Franchise System, LLC as of December 31, 2023, and 2022, and the results of their operations and their cash flows for the years ended December 31, 2023, 2022, and 2021, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 55–56)
What This Means (2024 FDD)
Yes, according to Baya Bar's 2024 Franchise Disclosure Document, the company's financial statements include a statement of cash flows.
The Independent Auditor's Report explicitly mentions that the audit included the statements of cash flows for the years ended December 31, 2023, 2022, and 2021. This indicates that Baya Bar provides a statement of cash flows as part of its audited financial statements.
The auditor's opinion confirms that the financial statements, including the statement of cash flows, present fairly the financial position, results of operations, and cash flows of Baya Bar Franchise System, LLC for the specified years in accordance with accounting principles generally accepted in the United States of America.