For what years are the statements of changes in members' equity included in Buona's financial statements?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
| INDEPENDENT AUDITORS' REPORT | 1 |
|---|---|
| FINANCIAL STATEMENTS: | |
| Balance Sheets | 3 |
| Statements of Operations | 4 |
| Statements of Changes in Members' Equity (Deficit) | 5 |
| Statements of Cash Flows | 6 |
| Notes to the Financial Statements | 7 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the statements of changes in members' equity are part of the financial statements. The financial statements also include balance sheets, statements of operations, statements of cash flow, and notes to the financial statements. The location of the statements of changes in members' equity is on page 5 of the financial statements.
Prospective franchisees should review these statements carefully to understand the changes in the equity or deficit of Buona over the reported periods. This can provide insights into the financial stability and performance of the company. Understanding the changes in equity, along with the other financial statements, is a crucial part of assessing the overall financial health of Buona.
It is important to note that while the FDD references these financial statements, it does not specify the exact years for which these statements are provided. A prospective franchisee should carefully review the provided financial statements within the FDD to determine the specific years covered and analyze the trends and changes in equity over those periods.