For Carbones Pizzeria, what specific consolidated statements are included in the audited financial statements according to the opinion?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the audited financial statements include several specific consolidated statements. The auditor's opinion states that the audit encompasses the consolidated balance sheet as of October 31, 2024.
Additionally, the audit includes related consolidated statements. These are the consolidated statements of operations, changes in stockholder's equity, and cash flows, all for the year then ended October 31, 2024. The audit also covers the related notes to these consolidated financial statements.
In summary, a prospective Carbones Pizzeria franchisee can expect to review a full suite of financial statements, including the balance sheet, statements of operations, changes in equity, cash flows, and accompanying notes, all presented on a consolidated basis for M & T Pizza Incorporated and its subsidiaries.