Do the Deck Medic financial statements include statements of retained earnings?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
We have audited the accompanying financial statements of Deck Medic, Inc. (the "Company") which comprise the balance sheets as of December 31, 2023 and 2022 and the related statements of operations, stockholders' equity, and cash flows for the years then ended, and the related notes to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the financial statements audited by Metwally CPA PLLC include statements of stockholders' equity. These statements are presented alongside the balance sheets, statements of operations, and cash flows for the years audited.
For a potential Deck Medic franchisee, this means the FDD includes a comprehensive set of financial statements that adhere to generally accepted accounting principles. The inclusion of a statement of stockholders' equity indicates transparency in how Deck Medic manages and reports its equity.
It is important for prospective franchisees to carefully review all the financial statements and notes provided in the FDD. Understanding Deck Medic's financial performance and position can help franchisees assess the financial health and stability of the company before investing in a franchise.