factual
When did Carbones Pizzeria adopt Accounting Standards Update (ASU) 2014-09?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
| Effective November | 1, 2019, the Company adopted | Accounting | Standards Update (“ASU”) 2014-09 |
|---|---|---|---|
| (Topic 606): Revenue | from Contracts with Customers. | This | ASU supersedes the revenue recognition |
| requirements in Topic | 605 Revenue Recognition (Topic | 605). | The core principle of Topic 606 is that an |
Source: Item 23 — RECEIPTS (FDD pages 30–116)
What This Means (2025 FDD)
According to the 2025 Carbones Pizzeria Franchise Disclosure Document, the company adopted Accounting Standards Update (“ASU”) 2014-09 effective November 1, 2019. This update, also known as Topic 606, relates to revenue from contracts with customers and supersedes the revenue recognition requirements in Topic 605 Revenue Recognition (Topic 605). The core principle of Topic 606 is that an.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.