What is the date through which Deck Medic management evaluated subsequent events?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
Management has evaluated subsequent events through April 11, 2024, which is the date the financial statements were available to be issued. The Company did not have any material recognizable subsequent events that would require adjustment to, or disclosure in, the financial statements.
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, management evaluated subsequent events through April 11, 2024. This date signifies the period after the balance sheet date (December 31, 2023) up to which Deck Medic's management assessed events that could materially impact the company's financial statements.
This evaluation is a standard accounting practice to ensure that the financial statements reflect the most current information available. It helps in identifying any events that might require adjustments or disclosures in the financial statements to provide a fair and accurate representation of the company's financial position.
For a prospective Deck Medic franchisee, this date is relevant because it provides insight into the timeliness and thoroughness of the company's financial reporting. Knowing the subsequent event evaluation date allows potential franchisees to understand how up-to-date the financial information presented in the FDD is, which can inform their investment decision.