What was the 'Der' amount for Fast Fix Jewelry And Watch Repairs in 2022?
Fast_Fix_Jewelry_And_Watch_Repairs Franchise · 2025 FDDAnswer from 2025 FDD Document
ctivities of the consolidated statements of cash flow.
Note 8. Income Taxes
The components of the income tax benefit (expense) are as follows for the years ended December 31:
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Source: Item 21 — FINANCIAL STATEMENTS (FDD page 37)
What This Means (2025 FDD)
According to Fast Fix Jewelry And Watch Repairs's 2025 Franchise Disclosure Document, the 'Der' amount, specifically the deferred benefit (expense), was $20,991 in 2022. This figure is part of the broader context of income tax reporting and financial statement analysis. The table also shows a current expense of ($518,332) for 2022.
For a prospective franchisee, understanding these figures is crucial for assessing the financial health and tax strategies of Fast Fix Jewelry And Watch Repairs. The deferred benefit indicates a future tax benefit, while the current expense reflects the immediate tax obligations. These values can fluctuate based on various factors, including state income taxes and goodwill amortization.
It's important to note that these figures are components of the overall financial statements and should be analyzed in conjunction with other financial data, such as revenue, expenses, and liabilities, to gain a comprehensive understanding of the company's financial performance. A potential franchisee should consult with a financial advisor to fully understand the implications of these figures.