What was the balance at the beginning of 2023 for Benihana?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
g the realizability of deferred tax assets, the Company evaluates whether it is more likely than not that the deferred tax assets will be realized. In the assessment of the valuation allowance, appropriate consideration was given to all positive and negative evidence including current operating results, tax planning strategies and forecasts of future earnings. As of b
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the balance at the beginning of 2023 was $45. This figure is part of a table presenting financial data related to contracts. The table also includes data for the year 2022 for comparison.
Specifically, the table provides a snapshot of the 'Balance, beginning of year' for both 2023 and 2022. This indicates the starting financial position related to the contracts being tracked. For a prospective franchisee, understanding these balances can provide insight into the financial obligations and changes related to Benihana's contractual agreements over these periods.
It's important to note that the table also includes other financial activities such as 'Increase related to current year positions' and 'Decrease related to prior period positions,' which offer a more comprehensive view of how the contract balances have evolved. Reviewing these figures in detail can help a franchisee assess the financial dynamics and potential liabilities associated with these contracts.