Financial Statement
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Sample Financial Statement
EXHIBIT D
FINANCIAL STATEMENTS
JUICE HEAVEN FRANCHISE CORPORATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2004
TABLE OF CONTENTS
Page
Independent Auditors' Report 1 Financial Statements
Balance Sheet 2
Statement of Income 3
Statement of Changes in Stockholder's Equity 4
Statement of Cash Flows 5
Notes to Financial Statements 6
Duffy, Kruspodin#Company, llp
Certified Public Accountants
Los Angeles Office
15910 Ventura Blvd., Suite 800
Encino.CA 91436-2810
818.385.0585
fax 818.385.3447
Thousand Oaks Office
501 Marin Street, Suite 114
Thousand Oaks, CA 91360-4265
805.379.4487
fax 805.379.9767
San Diego/LaJolla Office
4225 Executive Square, Suite 900
LaJolla,CA 92037-1485
858.642.5050
fax 858.642.5065
Member
American Institute of
Certified Public Accountants
California Society of Certified Public Accountants
Thomas G. Duffy, CPA/PFS*
TlmothyW. Duffy, CPA*
Mark Kruspodin, CPA/PFS*
H. Cameron Williams, Jr., CPA*
Galina Berkovich, CPA
Stan Chortkoff, CPA
Donna M.Feder, CPA
Michael Justt, CPA
Laura J. Kelton, CPA
Thane F.Kel ton, CPA
Erika E. Lewis, CPA
Judith T.Overton, CPA
Independent Auditor's Report
To the Board of Directors
Juice Heaven Franchise Corporation
Burbank, California
We have audited the accompanying balance sheet of Juice Heaven Franchise Corporation as of December 31, 2004, and the related statements of income, changes in stockholder's equity, and cash flows for the year then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with auditing staridards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Juice Heaven Franchise Corporation as of December 31, 2004, and the results of its operations and its cash flows for the twelve months then ended in conformity with accounting principles generally accepted in the United States of America.
DUFFY, KRUSPODIN & COMPANY, LLP
Certified Public Accountants
February 8, 2005
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* A Professional Corporation
The original file could not be completely converted to text. Below is an excerpt from the file. The original file can be downloaded at the link above.