For Deck Medic, what years are accounts receivable balances provided for?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
12 Norwood Dr STE 100, Bedford, Texas 76022
Cell: 214-200-5434 (Mohamed Metwally) Mmetwally@metwallycpa.com
Independent Auditor's Report
To the Stockholders' of Deck Medic, Inc.
Opinion
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.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Deck Medic, Inc. as of December 31, 2023 and 2022 and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the company's financial statements include balance sheets as of December 31, 2023 and 2022. The auditor's report indicates that the financial statements present fairly the financial position of Deck Medic as of these dates.
Furthermore, the notes to the financial statements for both December 31, 2023 and 2022, and December 31, 2022 and 2021 include a summary of significant accounting policies. This summary includes information on accounts receivable, indicating that these balances are considered in the financial reporting for those years.
Therefore, a prospective Deck Medic franchisee can review the provided financial statements and related notes to understand the company's accounts receivable for the years 2021, 2022 and 2023.