insurance, leases, marketing, retainers for lawyers, and estimated tax payments. Since these provide benefits in the future, companies record prepaid expenses as assets on their balance sheet, but ...

Companies generally carry prepaid expenses on their balance sheets and designate them as ... For example, if you cannot live without health insurance, you will want to pay for it in advance ...

The sum of the remaining 11 premiums is bucketed into a prepaid insurance account that's classified as a current asset on the balance sheet and in a working capital calculation. The prepaid ...