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.
AVI Foodsystems, Inc. Food Services in Business, Education, Healthcare and Leisure Marketplaces. AVI Foodsystems, headquartered in Warren, Ohio, is a family-owned and operated US foodservice company. Founded in 1960 by John Payiavlas, AVI provides customized foodservice solutions for over 5,000 clients and millions of customers throughout 31 states. AVI offers hospitality services in business, education, leisure and healthcare settings, including a complete offering of on-site dining, vending, catering, concessions, office coffee and environmental services.