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Although the amount of the prepaid expense to be recognized would be different, the general economic benefits of the transaction (as previously noted in Exhibit 2) remain the same, except that the value created is reflected in the income and cash flow statements as the trade credits are utilized.
A corporate prepaid expense card program helps business owners limit individual employee expenses by dollar amount and merchant category (fuel, dining, retail and so on).
The purchase of non-current assets (breeding livestock, machinery and equipment, perennial crops, buildings and improvements, and leased assets) is another type of prepaid expense.
When converting from the cash basis income to accrual basis income, depreciable assets are treated essentially the same as prepaid expenses because depreciable fixed assets represent long-term prepayments (deferrals).
These contract expenses were prepaid expenses under Sec.
In the present tax conditions the enterprises, before computing taxable income, have to pay indirect taxes, and also taxes, dues and fees included into prepaid expenses.
Patrick said the acquisition of LMI included the acquisition of accounts receivable, inventory, prepaid expenses, and machinery and equipment, and was funded under the company's existing credit facility.
The acquisition of Wire Design included the acquisition of accounts receivable, inventory, prepaid expenses, and machinery and equipment, and was funded under the company's existing credit facility.
681) investments Depreciation and amortization 667 719 Loss on disposal of fixed asset 11 1 Changes in operating assets and liabilities: Accounts receivable, net (111) 5 Other receivables 1 (105) Receivable - affiliates 47 (15) Prepaid expenses and other (99) 12 Other assets (8) (34) Accounts payable 99 (171) Accrued expenses 163 (277) Deferred revenues (4%) 375 Deferred lease costs (49) (75) Net cash provided by operating activities 1.
By exiting the Flamanville 3 project, Enel will be reimbursed the prepaid expenses related to its 12.
0 million of cash in the escrow account, which is classified as prepaid expenses in the consolidated balance sheet as of April 30, 2012.
More importantly, the IRS appears to have conceded the issue by announcing that it expects to issue proposed regulations allowing for the immediate deduction of prepaid expenses that satisfy a one-year rule.