Where can I find the Consolidated Statement of Changes in Stockholder's Equity within the Carbones Pizzeria financial statements?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
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Independent Auditor's Report
To the Stockholder M & T PIZZA INCORPORATED AND SUBSIDIARIES St. Paul, Minnesota
Opinion
We have audited the accompanying consolidated financial statements of M &T Pizza Incorporated and Subsidiaries (the "Company") (a Minnesota Corporation), which comprise the consolidated balance sheet as of October 31, 2024, and the related consolidated statements of operations, changes in stockholder's equity, and cash flows for the year then ended, and the related notes to consolidated financial statements.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of the Company as of October 31, 2024, and the consolidated results of its operations and cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis of Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the consolidated Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to the 2025 Carbones Pizzeria FDD, an independent auditor's report includes the consolidated financial statements of M&T Pizza Incorporated and Subsidiaries. This report comprises the consolidated balance sheet as of October 31, 2024, and the related consolidated statements of operations, changes in stockholder's equity, and cash flows for the year then ended, along with related notes. This statement can be found within the audited financial statements.
The auditor's opinion states that the consolidated financial statements present fairly the consolidated financial position of the company as of October 31, 2024, and the consolidated results of its operations and cash flows for the year then ended, in accordance with accounting principles generally accepted in the United States of America.
Management is responsible for the preparation and fair presentation of these consolidated financial statements, including the design, implementation, and maintenance of internal control relevant to the preparation and presentation of the statements. This ensures they are free from material misstatement, whether due to fraud or error. Management is also required to evaluate the company's ability to continue as a going concern within one year after the date the consolidated financial statements are available to be issued.