What was the paid-in capital related to treasury stock for Monicals Pizza as of January 1, 2023?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| Capital - | Retained | Total | |||
|---|---|---|---|---|---|
| Treasury Stock | Earnings | ||||
| Balances at January 1, 2023 | 391,250 | $ 2,257,777 | $ 12,100 | $ 12,668,292 | $ 14,938,169 |
| Net income | - | - | - | 1,680,571 | 1,680,571 |
| Distributions to owners | - | - | - | (1,867,625) | (1,867,625) |
| Balances at December 31, 2023 | 391,250 | 2,257,777 | 12,100 | 12,481,238 | 14,751,115 |
| Net income | - | - | - | 1,849,358 | 1,849,358 |
| Distributions to owners | - | - | - | (2,193,095) | (2,193,095) |
| Balances at December 31, 2024 | 391,250 | $ 2,257,777 | $ 12,100 | $ 12,137,501 | $ 14,407,378 |
**CONSOLIDATED STATEMENTS OF CAS
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the paid-in capital related to treasury stock as of January 1, 2023, was $12,100. At that date, the company held 391,250 shares of treasury stock, with a total value of $2,257,777. The retained earnings were $12,668,292, bringing the total to $14,938,169.
Throughout 2023, Monicals Pizza had a net income of $1,680,571 but also distributed $1,867,625 to owners. This resulted in a slight decrease in retained earnings, which ended the year at $12,481,238. The number of treasury shares and the paid-in capital for treasury stock remained unchanged.
In 2024, Monicals Pizza continued to hold 391,250 shares of treasury stock with a paid-in capital of $12,100. The company's net income for 2024 was $1,849,358, while distributions to owners amounted to $2,193,095. This further reduced the retained earnings to $12,137,501 by the end of 2024, with the total value being $14,407,378.