Prepaid Expenses Outstanding Expense

Name Of Chapter
Examples include prepaid rent, advertising, and insurance. Prepaid Expenses Expense incurred. Prepaid Expenses On January 1, 2009, Matrix, Inc. paid $3,600 for a 3-year fire insurance policy. divide net income by the average number of shares of common stock outstanding during the period. ... Access Content

Tax Timing For The Prepaid FDIC Assessment
Pay insurance premiums and the ‘deposit’ would stay outstanding to an undetermined date. expenses cannot generally deduct the full amount in the year of payment, a cash-basis taxpayer may be able to deduct the full amount of a prepaid expense under the following conditions: ... Return Document

3025T C17 ExerB 073-078 - Wiley: Home
$12.9 million, prepaid expenses increased $102.9 million, accounts payable (merchandise suppli-ers) decreased $44.9 million, Rent Rent expense $ 60,000 Prepaid rent, January 1 5,900 Prepaid rent, December 31 9,000 Salaries Salaries expense $ 49,000 ... Fetch Document

China Dredging Group Co., Ltd. Reports Unaudited Third Quarter 2012 Results
FUZHOU, China, Dec. 13, 2012 /PRNewswire/ -- China Dredging Group Co., Ltd. (together with its consolidated subsidiaries and variable interest entities, "China Dredging," the "Company," ... Read News

PowerPoint Presentation
Prepaid expenses, sometimes referred and at the end of December, outstanding/accrued wages amounted to $250. (e Wages Expense is understated. 3-2 0 Adjusting Process for Accrued Expenses 31 Wages Expense 250 00 Wages Payable 250 00 Accrued wages. 51 22 0 Dec. 31 250 Dec. 31 250 Wages Payable Bal ... View This Document

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued ...
Expenses Total expense adjustments decreased the pre-tax loss by $1 .7 million and $644 thousand in fiscal 2003 and 2002, Prepaid expenses and other currentassets(2 ) Total current assets Property and equipment, net(3) no shares issued and outstanding Common stock ; $0.01 par value; ... Retrieve Here

Off-balance-sheet - Wikipedia, The Free Encyclopedia
Off-balance sheet (OBS), or Incognito Leverage, usually means an asset or debt or financing activity not on the company's balance sheet. Some companies may have significant amounts of off-balance sheet assets and liabilities. For example, financial institutions often offer asset management or ... Read Article

Chapter03IPpt.ppt [Read-Only] - Twin Cities - University Of ...
Shares Outstanding Revenues Prepaid expense (+A) xxx Cash (-A) xxx. 3-8 The Matching Principle When the expense is incurred PREPAID EXPENSE is reduced and an EXPENSE is Prepaid expenses 17,000 Other current assets 14,000 ... View This Document

WALMART INC
Cash and cash equivalents $7,395 Receivables 5,089 Inventories 36,437 Prepaid expenses and other 3,091 Total current assets 52,012 Property and equipment, at 11,000 shares authorized 3,516 issued and outstanding at January 31, 2011, decrease in prepaid expense of $1,508, ... Read Content

Hexcel Earnings - Composite Materials
0.7 0.7 17.8 0.7 0.7 Operating income 2.7 30.1 27.6 54.7 116.9 99.5 Interest expense 18 .4 16.6 9.5 55.9 49.1 23.2 213.2 Prepaid expenses and other assets 6 .1 10 outstanding of 37.2 in 1999 and 1998 0.4 ... Read Article

Interest, and the outstanding balance of each loan. The outstanding loan A prepaid expense is an expense that is paid before the benefits are realized. Prepaid expenses should either be re-classified monthly to ... Read Here

Write-off - Wikipedia, The Free Encyclopedia
Something is written-off when its recognized value is reduced. In accounting, this is a recognition of the reduced or zero value of an asset. In income tax statements, this is a reduction of taxable income as recognition of certain expenses required to produce the income. In income tax ... Read Article

Cba.unomaha.edu
Expense Present Value Balance Sheet Future Value Bank Reconciliation GAAP Bonds Journal outstanding checks b) deposits in transit d) NSF checks Prepaid expenses Record revenue in the period in which it is earned ... View Document

St Bernard Financials Q2'07 08 14 07
Prepaid expenses and other current assets 492,000 483,840 Total current assets authorized and 0 shares issued and outstanding -- Other Expense (Income) ... Access Content

YouTube
Share your videos with friends, family, and the world ... View Video

EDU - YouTube
Rules for debit and credit for asset and expense 4:53. Year end Accounting entries for Outstanding expenses and Prepaid expenses 6:07. Outstanding expenses are those expenses which are in respect of accounting period for which books are prepared, ... View Video

Exercises: Set B - Wiley: Home
Prepaid expenses $ 139,492 Inventories $1,378,216 Insurance expense 780 Depreciation expense 5,300 Interest expense 2,600 Common stock 60,000 Retained earnings (January 1, 2012) Shares outstanding at year-end 64,406,000 64,473,000 ... Access Full Source

Chapter 4: Accrual Basis Accounting And The Accounting Cycle
Equipment that lasts longer than one year should be treated like any other prepaid expense We should allocate the cost of the asset to the portion of year loan outstanding Receivables with Interest (1 2) Common prepaid expenses Insurance Rent Supplies Equipment ... Retrieve Document

Glacial Lakes Corn Processors Glacial Lakes Corn Processors ...
Prepaid Expenses 1,076,478 COST OF SALES: OTHER INCOME (EXPENSE): Trade and Accounts Payable $ 1,757,212 State Ethanol Producer Program 270,907 416,667 Total Members' Equity 117,229,997 WEIGHTED AVG SHARES OUTSTANDING 185,989,625 185,603,766 ... Read Content

TRAVEL EXPENSE REPORT The University Of Western Ontario ...
Travel and Expenses Centre at finance.uwo.ca) (Expense reports missing Approval Signatures will be returned) Exceptions to policy have been explained in writing and outstanding Cash Advances and prepaid expenses have been accounted for. Print Name: Signature: Date: ... Read Here

TRAVEL AND ENTERTAINMENT (T&E)
Faculty and staff moving/relocation expenses. Moving/relocation expense reimbursements and reimbursement will not be processed for any traveler with an outstanding cash advance for a prepaid expense requests, wire transfers or payment/reimbursement of business, ... Fetch Full Source

Accounting For Provisions, Prepayments And Accruals
Outstanding debtors total €100,000. Accrued and prepaid expenses If some expenses have not been billed for (invoiced) prior to the accounting year end the Example – prepaid expense Shop Local a retail outlet has decided to rent an ... Fetch Here

MULTIPLE CHOICE QUESTIONS - Portland Community College
A. amount of checks outstanding at the end of the period. b. sources of cash in the current period. An increase in prepaid expenses. c. Depreciation expense. d. A decrease in accounts payable. 65. Which of the following would not be an adjustment to net income using the indirect method? a. ... Access This Document