Do the Black Bear Diner financial statements include a statement of cash flows?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Areas that include significant estimates made by management include, but are not limited to, estimated useful lives and carrying value of long-lived assets and the valuation of intangible assets and goodwill. Actual results could differ significantly from those estimates.
Fiscal Year: The Company utilizes a 52/53-week fiscal year ending on the last Wednesday prior to December 31. The Company's financial statements reflect accounts and balances as of and for the fiscal years ended December 25, 2024 and December 27, 2023, which both contained 52 weeks.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 55)
What This Means (2025 FDD)
Based on the 2025 Black Bear Diner Franchise Disclosure Document, it is not possible to determine whether the financial statements include a statement of cash flows. While Item 23 discusses the company's financial statements, it does not specify which particular statements are included.
Item 23 does mention that the preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and the reported amounts of revenue and expenses. It also notes that the company uses a 52-/53-week fiscal year ending on the last Wednesday prior to December 31, and that the financial statements reflect accounts and balances as of and for the fiscal years ended December 25, 2024 and December 27, 2023.
To determine whether a statement of cash flows is included in the Black Bear Diner financial statements, a prospective franchisee should review the full financial statements included in the FDD or ask the franchisor directly.