Examples of Prepaid Expenses in a sentence
Prepaid Expenses are prepaid amounts for goods or services which will provide economic benefits in one or more future periods.
Cash and Cash Equivalents, Accrued Investment Income, Prepaid Expenses and Other Assets, Receivable from Related Parties, Ceded Reinsurance Balances Payable, Accounts Payable and Accrued Expenses and Payable for Securities Purchased: The carrying amounts of these items approximate their fair values.
Inventories and Prepaid Expenses Inventories and prepaid expenses which benefit future periods are recorded as an expenditure during the year of purchase as required by state statutes.
Long-term Prepaid Expenses: The equal installment method is adopted to calculate depreciation expenses for these account items over the period defined under the Corporate Income Tax Law of Japan.
Long-term Prepaid Expenses Long-term prepaid expenses are amortized by the straight-line method.