Up to what date were subsequent events evaluated for the Coffee News franchise financial statements?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
Subsequent events have been evaluated through February 27, 2025, which is the date the financial statements were available to be issued, and no additional matters were determined to require adjustment or disclosure.
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to the 2025 Coffee News Franchise Disclosure Document, subsequent events related to the financial statements were evaluated through February 27, 2025. This means that the Coffee News's financial statements take into account any events that occurred after December 31, 2024 (the end of the fiscal year) up to February 27, 2025.
This evaluation is performed to ensure that the financial statements provide an accurate and up-to-date representation of the company's financial position. If any significant events occurred during this period that could affect the company's financial standing, they would be disclosed in the financial statements.
For a prospective Coffee News franchisee, this date indicates the recency and reliability of the financial information presented. Knowing the subsequent event evaluation date helps in assessing whether the financial information reflects the most current situation of the franchisor. It's a standard accounting practice to provide this date to give users of the financial statements confidence in the information's completeness.