With immediate recognition, the
accrued expense, excluding the cumulative effect, for the median firm is $5.4 million, which is 2.2 times the currently reported pay-as-you-go cost.
Accounts receivable and
accrued expenses also were negative but to a lesser degree.
The cash paid for other operating costs was $403,450, which consisted of cash operating expenses recognized on the income statement ($476,400 minus the $15,000 of amortization expenses for a total of $461,400) plus the additional prepaid expenses made during the year ($32,000) minus the amount by which
accrued expenses rose during the year ($89,950).
Oracle's solution, running on top of the Oracle8 database and Oracle Internet Application Server, gives MSC visibility and traceability for all financial transactions, the capability to enter
accrued expenses as they occur instead of monthly and the ability to record worldwide transactions in the period in which they occur.
Each of the working capital components (including accounts receivable, inventory, accounts payable and
accrued expenses) gets an adjustment in the cash flow from operating activity.
Accounts payable and
accrued expenses 6,411,503 6,677,752
Some current liabilities include payroll taxes,
accrued expenses, deferred income and accounts payable.
The next three chapters lay the base for developing a model of the cost of retiree health care for a firm and estimating
accrued expenses and liabilities consistent with FASB 106 for a sample of firms.
Academy of Executives Statements of Financial Position December 31, 19X2 and 19X1 Assets 19X2 19X1 Cash and cash equivalents $ 410,199 $ 366,006 Accounts receivable 41,051 29,050 Prepaid expenses 9,337 2,210 Property and equipment 1,216,518 1,102,880 Other deposits 5,259 2,953 Investments 355,000 350,000 Total assets $2,037,364 $1,853,099 Liabilities and net assets Accounts payable $ 14,391 $ 46,408
Accrued expenses 13,403 15,104 Total liabilities 27,794 61,512 Net assets Unrestricted $1,308,669 $1,135,906 Temporarily restricted 345,901 305,681 Permanently restricted 355,000 350,000 Total net assets 2,009,570 1,791,587 Total liabilities and net assets $2,037,364 $1,853,099
Regarding the fee, it will be 19,000 per year payable quarterly and in advance, plus
accrued expenses quarterly.
That accounted for its current liabilities of P190.046 billion and P564.072 billion of non-current liabilities that shall include its build-operate-transfer (BOT) lease obligations, accounts payable and
accrued expenses, long-term liabilities and deferred collection of universal charges.
Following the transaction, the company has approximately USD 120,000 in cash on its balance sheet net of
accrued expenses.
