What were the income taxes paid by Crepe De Licious in 2023?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
allowance for credit losses 10.800 Deferred income taxes (2,300)(14,600)Changes in as
Source: Item 23 — RECEIPTS (FDD pages 57–233)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the income taxes paid in 2023 were $3,662. This figure is important for prospective franchisees as it provides insight into the company's tax obligations and financial performance. Understanding the tax payments can help potential franchisees assess the financial health and stability of Crepe De Licious.
Specifically, this number reflects the actual cash outflow for income taxes during the year, which may differ from the total provision for income taxes due to deferred tax items. The cash flow statement provides a clearer picture of the company's liquidity and its ability to meet its financial obligations.
Reviewing these figures in conjunction with other financial statement items, such as net income and cash flows from operations, can give a more comprehensive understanding of Crepe De Licious's financial management and profitability. This information is crucial for making an informed investment decision.