What was the total stockholders' equity for Best In Class Education Center in 2023?
Best_In_Class_Education_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about BIC Franchise System Corporation's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
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Metwally CPA PLLC Bedford, Texas April 30, 2024
| _ | 2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets | 20 200 | |
| Cash and cash equivalents | $ | 58,720 |
| Accounts re |
Source: Item 23 — RECEIPT (FDD pages 47–204)
What This Means (2025 FDD)
According to Best In Class Education Center's 2025 Franchise Disclosure Document, the total stockholders' equity in 2023 was $78,729. This figure represents the ownership value of the company attributable to its stockholders after deducting all liabilities from its assets.
Stockholders' equity is calculated by considering several components. For Best In Class Education Center in 2023, these components included common stock, additional paid-in capital, and accumulated deficit. The common stock had a par value of $0.01 per share, with 10,000,000 authorized shares, none of which were issued or outstanding. The additional paid-in capital amounted to $100,000, while the accumulated deficit was $(21,271). The sum of these components results in the total stockholders' equity of $78,729.
For a prospective franchisee, understanding the stockholders' equity can provide insights into the financial stability and structure of Best In Class Education Center. A positive and growing stockholders' equity generally indicates a healthy financial position, while a declining or negative equity might raise concerns about the company's long-term viability. It is important to note that this figure is just one aspect of the company's overall financial health and should be evaluated in conjunction with other financial metrics and information provided in the FDD.