Financial Statement

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Sample Financial Statement

PIZZA FACTORY, INC.

(A California S Corporation) Oakhurst, California

FINANCIAL STATEMENTS

and

INDEPENDENT AUDITOR'S REPORT

For the year ended December 31, 2005


PIZZA FACTORY, INC.

FINANCIAL STATEMENTS For the year ended December 31, 2005

TABLE OF CONTENTS

INDEPENDENT AUDITOR'S REPORT......................................................................................   1

FINANCIAL STATEMENTS:

Balance Sheet..........................................................................................................................   2

Statement of Income................................................................................................................   3

Statement of Retained Earnings.........................................................:.....................................   4

Statement of Cash Flows.........................................................................................................   5

Notes to Financial Statements............................................................................................ 6-11


A. DUNN, JEFFRIES, HERING & WONG, LLP

A PARTNERSHIP INCLUDING PROFESSIONAL CORPORATIONS                                                                   ami- i ni trrn_ii-n ta

GARY S. DUNN, CPA                                                                                                                                                                            DIANE L RUETHER, EA

CERTIFIED PUBLIC ACCOUNTANTS

A PARTNERSHIP INCLUDING PROFESSIONAL CORPORATIONS

JOHN R. JEFFRIES, CPA                                                                                                                                                                        MARY SHEKOYAN, CPA

JAMES HERING II, CPA                                                                                                                                                                          ^y L H,GG,NS, CPA

NORMAN R. WONG, CPA,CITP                                                                                                                                                                      ASSOCIATE

INDEPENDENT AUDITOR'S REPORT

January 25, 2006

To the Board of Directors and Stockholders Pizza Factory, Inc. Oakhurst, California.

We have audited the accompanying balance sheet of Pizza Factory, Inc. (an S Corporation) as of December 31, 2005, and the related statements of income,, retained earnings 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 standards 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 reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Pizza Factory, Inc. as of December 31, 2005, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America

JXm <n^C-^?^ /^Un'ns 4rtLbvi4 LLP

Dunn, Jeffries, Hering & Wong, LLP Certified Public Accountants

1690 W SHAW AVE., SUITE 210 ■ FRESNO, CA 9371 1 ■ PHONE {559] 490-8780 ■ FAX (559] 490-8779 ■ mail@djhwcpa.com


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.