What is a prepaid expense? A prepaid expense is an amount paid for a good or service in advance of receiving that good or service. It is an expense that has been paid for before the actual expense is incurred. In accrual basis accounting, expenses are recognized in the period in which they occur.
International Home Foods. International Home Foods, was an American manufacturer, distributor and marketer of food products, acquired in June 2000 by ConAgra Foods in a $2.9 Billion dollar deal. Its best known brands were Chef Boyardee pasta products, PAM cooking spray, Bumble Bee Seafood, and Gulden's mustard.
Marriott International, Inc., is a global leading lodging company with nearly 4,500 properties in 87 countries and territories. Marriott International reported revenues of more than $14 billion in fiscal year 2015. Founded by J. Willard and Alice Marriott and guided by Marriott family leadership for nearly 90 years, the company is headquartered in Bethesda, Maryland, USA.