Up to what date did Bojangles evaluate subsequent events when preparing its financial statements?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
In preparing its financial statements, the Company evaluated all subsequent events through April 15, 2025, which is the date the financial statements were available to be issued. All subsequent events requiring recognition and disclosure have been incorporated into these financial statements.
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles' 2025 Franchise Disclosure Document, the company evaluated subsequent events through April 15, 2025, when preparing its consolidated financial statements. This is the date the consolidated financial statements were available to be issued.
Subsequent events are events that occur after the balance sheet date but before the financial statements are issued. These events can have a material impact on the financial statements and may require recognition or disclosure. By evaluating subsequent events through April 15, 2025, Bojangles ensures that its financial statements include the most up-to-date information available.
For a prospective franchisee, this means that the financial statements presented in the FDD reflect any significant events that occurred after the close of the fiscal year but before the statements were finalized. This provides a more complete picture of the company's financial health and performance. Bojangles also states that all subsequent events requiring recognition and disclosure have been incorporated into these consolidated financial statements.