3.5 Month Rule Prepaid Expenses

FORM 10-Q
Prepaid expenses and other.. 104 117 Total current assets was $3.5 million. Estimated amortization expense for the remainder of 2002 and month periods ended August 31, 2001 and August 31, 2000, ... View Full Source

EXAMINATION II REVIEW QUESTIONS - UW-Parkside: Help For ...
Kay’s employer pays her $100 per month towards the cost of parking near a railway station where Kay catches the Under the “one-year rule” for the current period deduction of prepaid expenses of cash basis PTS: 1 REF: p. 7-3. 5. If a bad debt arose from the sale of a ... Retrieve Content

Jmasselli.ba.ttu.edu/estateand - John J. Masselli, Ph.D
Taxable Year 12-month accrual method, even for cash basis taxpayers. This is called a HYBRID method of accounting. Cash Method Deductions - Prepaid Expenses Depreciation MACRS - Modified Accelerated Cost Recovery System Personalty: DDB: 3, 5, 7, 10 150% DB:15, 20 General rule is ... Return Doc

COVER SHEET
3 5 / F R U F I N O P A C I F I C T O W E R 6 7 8 4 A REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER 1. For the Quarter Ended March 31, 2012 Prepaid expenses (167,671) (41,349)) Other non-current assets (2,469) (3,498) ... Access Full Source

Streamline Refinance With Appraisal - Maximum Mtg. Worksheet #4
Prepaid Expenses (Per Diem interest to end of month (3-, 5-, 7-, or 10-year mortgage) rule is not applicable. (1-12-D-5) • VOM or other documentation is required which includes principal balance, date loan originated, names ... Access Doc

Streamline Refinance Without Appraisal - Maximum Mortgage ...
Prepaid Expenses (Per Diem interest to end of month on new (3-, 5-, 7-, or 10-year mortgage) rule is not applicable. (1-12-D-15) • VOM or other documentation is required which includes principal balance, ... Document Viewer

Real Estate Appraisal Final Exam
As a general rule, an FHA borrower's debt to income ratio should not exceed: A. 47%. B. 43%. FHA loans must have mortgage insurance for the duration of the loan term. The minimum cash investment is 3.5% of the sales price, discount points, and prepaid expenses do not count toward this amount. ... Return Doc

About Experts Sitemap - Group 42 - Page 77 2012-08-30
I know for a fact that there is one that wouldn t require it with your score and they also have a 12 month bank conventional loans: Kevin, Thank you for the question. As a general rule of thumb, ALMOST When you purchase a property, the loan-related expenses (excluding points ... Read Article

COVER SHEET
3 5 / F R U F I N O P A C I F I C T O W E R 6 7 8 4 A REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER 1. For the Quarter Ended September 30, 2011 Prepaid expenses (32,810) (49,656) Other non-current assets 28,387 112,416 ... Fetch Document

Chapter Number - The McGraw-Hill Companies
Prepaid insurance of $4,000 expired during the year; the company sold 400 units of Product X and 600 units of Product Y. Fixed expenses are $5,000 per month. a. ( 3.5 hours per unit = 14,000 standard hours. 4. d Efficiency variance = SR (AH - SH) = $6 (15,000 - 14,000) ... Fetch Doc

Solutions To Problems And Exercises - Portland State ...
Because the FASB rule results in a fairer representation, During the month the available balance dropped below the ending inventory quantity so that the layers of oldest costs Cash paid to suppliers $151,000 cOperating expenses $120,000 + Increase in prepaid rent 1,000 ... Doc Viewer

Chapter 3
(10 min.) S 3-5. Req. 1 Note: Depreciation is an exception to this rule. d. Expenses usually increase the debt ratio. e. Prepaid Expenses and Other Current Assets Income Taxes Payable 75 75 79 79 132 37 132 37 The ... Fetch Document

FAP Chapter 3 SM
($48 / 12 month) x 6 months] Quick Study 3-5 (10 minutes) Salaries Expense 400. When prepaid expenses and unearned revenues are recorded in balance sheet accounts, but it does not try to answer every question or provide a rule for every situation. ... View Document

PowerPoint Presentation
The line on this diagram represents the twelve-month period that the prepaid the related expense or revenue has not yet been recorded. Prepaid expenses are 2 pay day $10,000 Salaries Monday through Wednesday = 3 days 3 out of 5 days of salaries expense has been incurred 3/5 x $10,000 ... Access Full Source

Royalties - Wikipedia, The Free Encyclopedia
PC subscription: £0.40/subscriber/month Limited Subscription: technology upgrading expenses, patent application expenditure and the like. The licensor's share of the income is usually set by the "25% rule of thumb", ... Read Article

Compliance Bulletin #0057-C - Common Errors In Financial ...
Pursuant to MFDA Rule 3.5.1(a), • Prepaid expenses and fixed assets are not amortized / depreciated each period. A portion revenue and expenses for that 1 month period. If the Member files quarterly information, then ... Fetch Content

CHAPTER I - Texas A&M University Corpus Christi - Faculty ...
Explain the procedure for amortizing intangible assets. 1, 2, 3, 5, 12, 13 4, 5, 6, 7, 9, 10, 11, 13 1, 2, 3, 6 4. List Carrying Amount Life in Months Amortization Per Month Months notes receivable, and prepaid expenses would be classified as current assets. Property ... Access Doc

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Prepaid expenses and other current assets 772 Total current assets 1,207 80,938 3.5 15.9% 24,003 22.0% $ 1,199 % 2,612 11.6 % 4,410 % 6,332 5.8% Net income for the nine month periods 104 (184) 338 (57) Total other comprehensive income (loss) 104 ... Retrieve Full Source

PowerPoint Presentation
Expenditures & Expenses Expenditures When Legally Due --Either Purchases or Consumption Basis for Materials, Supplies, and Prepaid Items --Pensions, Claims and Judgments received supplies that cost $3.5 million, paid for supplies that cost $3 million and used supplies that cost $3.3 ... Document Viewer

CHAPTER 6
Pp. 6-3, 6-4, and Concept Summary 6-3. 5. a. Deduction Since an 8-year old child probably is not rendering services to the corporation worth $3,000 each month, October, November, and December. She does not qualify under the one-year rule for prepaid expenses since the period for which ... Access Doc

I)
Voluntary Expenses. Main Rule: (ii) → T paying for services can satisfy economic performance if reasonably expects prop/service w/in 3.5 mos. Provision of Property to TP. EP occurs as Property Provided. Prepaid Expenses. Memberships and Privileges. ... Document Viewer

SkyCable - Wikipedia, The Free Encyclopedia
3.5 Personal video recording; 4 Former services. Select Plus Prepaid: Consists of more than 60 SkyCable filed a motion for reconsideration addressing the rule invalidate the means as it conflicts with a state law on intellectual property but local authorities denied the motion and directed ... Read Article