AMC's acquisition included the acquisition of accounts receivable, inventory, prepaid expenses
, and machinery and equipment.
The acquisition of Indiana Transport included the acquisition of accounts receivable, prepaid expenses
, machinery and equipment, and real estate and was funded under the company's existing credit facility.
The assets to be acquired include property, plant and equipment, intellectual property and certain working capital assets (inventory and prepaid expenses
less current liabilities) and exclude accounts receivable.
Statement of Consolidated Financial Position Assets: Cash & Cash Equivalents $1,459,916 Investments at Fair Market Value 2,566,396 Accounts Receivable 6,348 Prepaid Expenses
67,060 Fixed Assets 38,658 Deposits 8.
960 Accounts receivable, net 284 173 Other receivables 322 323 Receivable - affiliates 36 83 Prepaid expenses
and other 625 532 Total current assets 12.
STATEMENTS OF FINANCIAL POSITION DECEMBER 31, 2012 AND 2011 ASSETS 2012 2011 CURRENT ASSETS: Cash--checking $67,644 $29,659 Cash--savings and money market 56,276 55,809 Accounts receivable 12,618 11,967 Receivable--ISNAP program 70,591 77,391 Certificates of deposit - 125,000 Prepaid expenses
But differences between the cash basis and accrual basis for expense recognition purposes are represented by amounts in accounts such as prepaid expenses
(payment before expenses are incurred) and various accrued or payable accounts (payment after expenses are incurred).
0 million of cash in the escrow account, which is classified as prepaid expenses
in the consolidated balance sheet as of April 30, 2012.
If member states choose to apply the measure, very small businesses may therefore be exempted from the obligation to keep accounts on prepaid expenses
and prepaid income for certain headings, thus reducing accounting information to key elements and ensuring a minimum level of transparency.
Request for Accounting Method Change for Prepaid Expenses
The prepaid expenses
include administrative and marketing expenses, operational expenses, also some taxes and non-tax payments, charitable contributions.