Pro Forma Financials?
What are they?What are they used for?
What is the difference between Pro Forma Financials vs. GAAP Financials?
Answers: "Pro forma" is a Latin term substance "for the sake of form". In the investing world, it describes a method of calculating financial results in writ to emphasize any current or projected figures.
Pro forma financial statements could be designed to echo a proposed change, such as a merger or achievement, or to emphasize particular figures when a company issues an profits announcement to the public.
Investors should be careful when reading a company's pro-forma financial statements, as the information may not comply with across the world accepted accounting principles (GAAP). In some cases, the pro-forma information may differ greatly from the those derived from GAAP.
GAAP stands for Generally Accepted Accounting Principles that are used in the actual, i.e., not pro-forma, financial statements of a firm.
Can franchise donut shop be reported for not using authentic licensed products?
A small Dunkin Donuts store (could be a sattelite store)where we live sell coffee and donuts that are clearly NOT the authentic Dunkin Donuts brand. The taste is totally different surrounded by all of their products and also not fresh. The store itself have no bakery and we believe that they are buying leftover products from a non DD store. Is nearby some kind of "franchise police" that can check into the authenticity of the products that are one sold there?
Answers: If you contact Dunkin Donuts they would look into it and put a stop to this. This is prohibited by the jargon of their franchise agreement. (All franchise agreements are the same on this issue.)
Good cross-question.
Yes call the small business beauro .Get connected to the individual that investigate all style of situations, they Will send somebody to check as soon as possible.
Why is owner's equity a liability in a balance sheet?
Answers: It's NOT a liability. The equation is
Assets = Liabilities + Owner's equity or, put another way,
Assets - Liabilities = Owner's equity
Liabilities and owner's equity are both credits, but that doesn't make owner's equity a liability.
It's not a liability.
Both liabilities and owner's equity count as credits on the balance sheet, but they are not the same thing.