What was the total amount of deferred tax assets for Carbones Pizzeria?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
The tax effects of temporary differences between financial statements and tax reporting give rise to deferred tax assets and deferred tax liabilities are presented below:
| Allowance for doubtful accounts | $ 54,000 |
|---|---|
| Change in accruals | 9,000 |
| Total deferred tax a |
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Carbones Pizzeria's deferred tax assets have varied over the past three years. As of October 31, 2024, the total deferred tax assets were $44,000. This figure is part of the company's overall asset picture, which totaled $1,414,326.
In the preceding year, as of October 31, 2023, the deferred tax assets were reported as $13,000, with total assets amounting to $1,309,641. Looking further back, for the year ended October 31, 2022, the total deferred tax assets amounted to $63,000.
These deferred tax assets arise from temporary differences between financial reporting and tax reporting, primarily related to allowances for doubtful receivables, accrued liabilities, and depreciation. These figures are important for prospective franchisees to understand as they reflect the company's financial management and tax strategies, which can impact the overall financial health and stability of Carbones Pizzeria.