Long-term construction contracts, like those . Prepaid expenses are payments made in advance for goods and services that are expected to be provided or used in the future. All expenditures, expenses, encumbrances, payables, prepaid items and deferred outflows of resources are to be accounted for in accordance with generally accepted accounting principles (GAAP) as promulgated by the Governmental Accounting Standards Board (GASB). GAAP requires that all College operations be maintained on the accrual basis of accounting. The journal entry is: At the end of each period, the company amortizes the prepaid expenses account with the following journal entry, which will charge the entire amount of the prepaid insurance to expense by the end of the year. Many times these incentives can include "free rent" at either . the prepaid is relieved to rent expense with a credit to prepaid rent and a debit to rent expense. Under this limit, if your prepaid expenses equal 50% or more of your deductible non-prepaid expenses for the taxable year, the prepaid expenses are only deductible as the purchased items are consumed. Some parts of this site work best with JavaScript enabled. February 24, 2023. What is the best way to keep track of bills? .LalRrQILNjt65y-p-QlWH{fill:var(--newRedditTheme-actionIcon);height:18px;width:18px}.LalRrQILNjt65y-p-QlWH rect{stroke:var(--newRedditTheme-metaText)}._3J2-xIxxxP9ISzeLWCOUVc{height:18px}.FyLpt0kIWG1bTDWZ8HIL1{margin-top:4px}._2ntJEAiwKXBGvxrJiqxx_2,._1SqBC7PQ5dMOdF0MhPIkA8{vertical-align:middle}._1SqBC7PQ5dMOdF0MhPIkA8{-ms-flex-align:center;align-items:center;display:-ms-inline-flexbox;display:inline-flex;-ms-flex-direction:row;flex-direction:row;-ms-flex-pack:center;justify-content:center} If a measure is . PDF Prepaid Expenses Policy - Eastern Michigan University My company doesn't have a lower bound threshold, so we try to get everything (to my dismay), it's a $700mm business and we have $36 vehicle registrations in prepaid, but on a class basis vehicle registrations are close to $1mil a year. Refer to the first example of prepaid rent. Leasehold Improvements Accounting & Amortization, US GAAP - LeaseQuery According to Generally Accepted Accounting Principles (GAAP), accrual accounting requires expenditures to be charged to the fiscal year and period in which goods are received or services are performed, regardless of when budget or cash is available. If a NY online retailer uses a CA manufacturer, do we need to collect CA state tax? ._3oeM4kc-2-4z-A0RTQLg0I{display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between} The financial reporting framework in the UK is effective from 1 January 2015. What are Prepaid Expenses? | Cleverism sheet as a prepaid expense, and expensed in the future period that . Intent - a repair or building expense needs to add to the useful life or the services of an . References U.S. Internal Revenue Service: Internal Revenue Manual -- Property . Expense vs. Depreciation: Key Differences and When To Choose Each This is the threshold we have determined to be immaterial to financial reporting. Practice management is the term used in General practice for the person who manages the finance and administration of a doctor's office or an office of a medical professional in one of many types of specialties in medicine. Adjusted EBITDA in Q4 of 2022, a non-GAAP measurement which excludes expenses for non-cash share-based compensation and for non-recurring items, yielded a loss of ($11.5) million, compared with a . Prepaid expenses on cash flow statement - Accountinguide Uk Gaap | Icaew By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. If the company makes a one-time payment of $24,000 for an . If the useful life is one year, as you state, then such costs 12th each month over the course of said year. Is there a threshold for prepaid expenses? A prepaid expense is carried on the balance sheet of an organization as a current asset until it is consumed. A prepaid expense refers to future expenses that are paid in advance. Prepaid Expenses - Examples, Accounting for a Prepaid Expense Prepaid expenses are payments made in advance for goods and services that are expected to be provided or used in the future. . There might also need to be an exception for report timing - for a calendar-year company, a $20k January expense might be fine, while a $15k December expense could be problematic. Post author By ; stumpsquall hydra explained Post date July 1, 2022; chevy avalanche soft topper . When the asset is eventually consumed, it is charged to expense. The first step is to make the payment for the prepaid expense on the company's balance sheet. We have all witnessed the prepaid December scramble: a farmer running all over town writing checks because a tax preparer just advised that an additional $40,000 in expenses would be beneficial. The real world answer is that if it won't change the user of the financial statement's view of the company it's not worth spending time on - at least as long as there isn't fraud or potential fraud. Once all amortizations have been completed, verify that the total in the spreadsheet matches the total balance in the prepaid expenses account. The relationship between the expenditure and past purchases. If you, Read More How do I make a free Xero account?Continue. GAAP allows the costs to be capitalized if they add value to the fixed asset or prolong its life. Click to see full answer What are two responsibilities involved in practice, Read More What is meant by practice management?Continue, 7 Main Benefits of Using an Accounting System in Your Company Saves Time and Costs. FASB Accounting Standards Codification What this means is you cannot just write a check to the machinery dealer. When recording a maintenance agreement that runs over the next year, what dollar threshold (or materiality) do you use to determine whether to record as a period expense or to amortize it over the year? When a company prepays for an expense, it is recognized as a prepaid asset on the balance sheet, with a simultaneous entry being recorded that reduces the company's cash (or payment account) by the same amount. 1. Hopefully, this article cleared up some gray areas that may have otherwise been a conversation starter during an audit. Rent Expense Accounting under ASC 842: Prepaid, Base, Accrued FASB studies AI use in financial data analysis. Therefore, prepaid insurance must be adjusted: Note: One month corresponds to $2,000 ($24,000 x 1/12) in insurance policy. Accounting along with the completed prepaid expense form and they will relieve the charge out of the expense account 4040 to prepaid account A180 in the following fiscal year. Prepaid Insurance Coverage Example. All business units are responsible for ensuring compliance pertaining to this IRM and with the internal control requirements outlined in IRM 1.35.5, Advances, Prepaid Expenses and Other Assets. As these amounts are well below our auditors' materiality threshold, they are pretty much just a nuisance item, but they do cause us variances to budget that require explanation. I agree it might be too high or too low and wondering if there was some guidance. 3.4 Materiality, new accounting standards, and preferability - PwC 1. [December 13, 2022] Question 100.05. . The adjusting journal entry is done each month, and at the end of the year, when the insurance policy has no future economic benefits, the prepaid insurance balance would be 0. Under prior law, the gross-receipts threshold for the cash method was only $5 million. The $600 outcome has a 75% probability . This chart of accounts is suitable for use with US GAAP. How Are Prepaid Expenses Recorded on the Income Statement? - Investopedia GAAP & Capitalization of Assets Rules | Pocketsense Rules to Capitalize Fixed Assets as per GAAP - jonas Muthoni ._2a172ppKObqWfRHr8eWBKV{-ms-flex-negative:0;flex-shrink:0;margin-right:8px}._39-woRduNuowN7G4JTW4I8{margin-top:12px}._136QdRzXkGKNtSQ-h1fUru{display:-ms-flexbox;display:flex;margin:8px 0;width:100%}.r51dfG6q3N-4exmkjHQg_{font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;-ms-flex-pack:justify;justify-content:space-between;-ms-flex-align:center;align-items:center}.r51dfG6q3N-4exmkjHQg_,._2BnLYNBALzjH6p_ollJ-RF{display:-ms-flexbox;display:flex}._2BnLYNBALzjH6p_ollJ-RF{margin-left:auto}._1-25VxiIsZFVU88qFh-T8p{padding:0}._2nxyf8XcTi2UZsUInEAcPs._2nxyf8XcTi2UZsUInEAcPs{color:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColor)} To extend this concept further, consider charging remaining balances to expense once they have been amortized down to a certain minimum level. 8.5 Prepaid assets and other current and noncurrent assets - PwC the end of the taxable year following the taxable year in which the payment is made. However, the rules for capitalization of software costs under GASB are similar to those under FASB. The main point is that when asked about why you purchased this prepaid expense, you have a justified business purpose that drove the decision, not just wanting to avoid paying taxes.. First, it needs to outline the specific quantity of items purchased. Required fields are marked *. This is the threshold we have determined to be immaterial to financial reporting. At the end of one month, Company A would have used up one month of its insurance policy. If you have questions feel free to email me, Austin Duerfeldt, at aduerfeldt2@unl.edu. To recognize prepaid expenses that become actual expenses, use adjusting entries. If a measure is a liquidity measure that includes income taxes, it might be acceptable to adjust GAAP taxes to show taxes paid in cash. A prepaid expense is an expenditure paid by a company in one accounting period but for which the underlying asset will be consumed in a future period. PDF OFFICIAL POLICY 2.2.2.2 Prepaid Expenses 10/13/2020 - College Of Charleston I will explain a scenario and my questions. 2, Your accounting software functionality/ies - the amount of effort to amortize. Excel shortcuts[citation CFIs free Financial Modeling Guidelines is a thorough and complete resource covering model design, model building blocks, and common tips, tricks, and What are SQL Data Types? The threshold is usually up to the accounting policy of the company. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} Customary business practices of the taxpayer in buying supplies and the business purpose for paying in advance. As a business owner, GAAP concepts - a comprehensive set of detailed rules on how to keep your accounting books - can feel a lot like a curfew for your business. I cannot, however, have a prepaid expense of $X.XX to the chemical company that is applied to my account for use later. The 12-Month Rule The 12-month rule allows for the deduction of a prepaid expense in the current year if the right or benefit paid for does not extend beyond the earlier of: 12 monthsfrom the date the prepayment is made, or. Prepaid Expenses | Balance Sheet Accounting + Examples - Wall Street Prep A prepayment is made when a selling company receives payment from a buyer before the seller has shipped goods or provided services to the buyer. Advice and questions welcome. Click to see full answer. Statewide Accounting Policy & Procedure - State Accounting Office of Another item commonly found in the prepaid expenses account is prepaid rent. To recognize prepaid expenses that become actual expenses, use adjusting entries. The company pays $24,000 in cash upfront for a 12-month insurance policy for the warehouse. Here are some examples to keep in mind. In other words, it is a future expense whose payment is made in advance. Structured Query Language (known as SQL) is a programming language used to interact with a database. Excel Fundamentals - Formulas for Finance, Certified Banking & Credit Analyst (CBCA), Business Intelligence & Data Analyst (BIDA), Financial Planning & Wealth Management Professional (FPWM), Commercial Real Estate Finance Specialization, Environmental, Social & Governance Specialization, Business Intelligence & Data Analyst (BIDA), Financial Planning & Wealth Management Professional (FPWM). . While US GAAP's guidance is also spread over several topics, it is fairly straight forward. Here, we'll assume that a company has paid for insurance coverage in advance due to the incentives offered by the provider. How to account for prepayments AccountingTools A best practice is to not record smaller expenditures into the prepaid expenses account, since it takes too much effort to track them over time. The advantages of prepaid expenses are as follows: First, the prepaid expenses help in income tax deductions. One of the more common forms of prepaid expenses is insurance, which is usually paid in advance. For all other current assets, S-X 5-02 (8) requires any . Net income. Materiality Concept as per GAAP and FASB - WallStreetMojo The basic accounting for a prepaid expense follows these steps: Upon the initial recordation of a supplier invoice in the accounting system, verify that the item meets the company's criteria for a prepaid expense (asset). The 50% prepaid expense limit. About the GAAP Capitalization Threshold | Small Business - Chron Generally, the accounting policies of the carve-out business should reflect the historical accounting policies applied by the parent entity. Departments transferring expenditures from prepaid accounts to expense accounts are required to adhere to the GA-502 journal entry policy and guidelines. Arbe Announces Q4 and Full Year 2022 Financial Results While the amortization of such prepayments is presented in the Income Statement for Profit and Loss Statement. The prepaid expense begins as an asset on the balance sheet. In the U.S., these accounting standards have been established by the Financial Accounting Standards Board (FASB) and the American Institute of Certified . The adjusting journal entry is done each month, and at the end of the year, when the lease agreement has no future economic benefits, the prepaid rent balance would be 0. ._1LHxa-yaHJwrPK8kuyv_Y4{width:100%}._1LHxa-yaHJwrPK8kuyv_Y4:hover ._31L3r0EWsU0weoMZvEJcUA{display:none}._1LHxa-yaHJwrPK8kuyv_Y4 ._31L3r0EWsU0weoMZvEJcUA,._1LHxa-yaHJwrPK8kuyv_Y4:hover ._11Zy7Yp4S1ZArNqhUQ0jZW{display:block}._1LHxa-yaHJwrPK8kuyv_Y4 ._11Zy7Yp4S1ZArNqhUQ0jZW{display:none} Your fixed asset $$ threshold should affect this. A fixed asset is acquired at cost, but is depreciated (the cost is spread) over the useful life of the asset. The adjusting entry on January 31 would result in an expense of $10,000 (rent expense) and a decrease in assets of $10,000 (prepaid rent). Revenue should be recognized with the debit to accounts receivable or contract assets. Select Open. One common example of an early prepayment is insurance coverage, which is often paid upfront to cover multiple future periods. For a recurring revenue subscription business. Costs that are capitalized are recorded as assets rather than expenses that reduce income for the accounting period. When the actual rent amount is paid, any variance from the minimum threshold used in the initial valuation is recorded directly to rent or lease expense. Improves Asset & Inventory Management. IFRS (provision) US GAAP (loss contingency) A legal claim has a 75% chance of being settled for $600 and a 25% chance of being dismissed. These rules were developed to manage investors in limited partnership tax shelters. . Obviously, it must span multiple years but I have seen one policy at $10K and several at $1K. On June 30, 2021, you prepay the rent on your building for a full year (July 1, 2021, to June 30, 2022). Say your business pays $5,000 on December 31, 2021 for an insurance policy that is effective January 1, 2022 - December 31, 2022. Size of company.2, Your accounting software functionality/ies - the amount of effort to amortize. An expense you pay in advance can be deducted only in the year to which it applies. That is hardly material. Thread starter eas34567; Start date Sep 8, 2016; E. eas34567. What is the 12 month rule for prepaid expenses? What to Know About Prepaid Expenses | Ohio Tax Firm | GBQ The time of year in which the expenditure was made. There are six key factors to look at with your tax preparer when working through this test: In addition to the testing process, there are two rules/limits to keep in mind. How do I check my BBPS transaction status. With that said, your company might receive a discount for prepaying. Thanks. Prepaid expenses accounting AccountingTools If your accounting software allows auto amortization at point of input and does not require additional steps. The adjusting journal entry for a prepaid expense, however, does affect both a companys income statement and balance sheet. $52,600. What happens to vested RSUs when issuance or release of shares is deferred? What Are the Generally Accepted Accounting Principles? - FreshBooks By using the above-given data, we will calculate the Materiality of Company A. To review prepaid expense account codes or any other general ledger accounts, use FGITBAL . For instance, a company can capitalize the expense . As you use the prepaid item. Software Capitalization Rules under US GAAP and GASB - LeaseQuery By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Cap ex we use twenty five hundred. I can have prepaid expenses from the chemical company for 30 tons of lime at $X.XX price. ._2FKpII1jz0h6xCAw1kQAvS{background-color:#fff;box-shadow:0 0 0 1px rgba(0,0,0,.1),0 2px 3px 0 rgba(0,0,0,.2);transition:left .15s linear;border-radius:57%;width:57%}._2FKpII1jz0h6xCAw1kQAvS:after{content:"";padding-top:100%;display:block}._2e2g485kpErHhJQUiyvvC2{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:start;justify-content:flex-start;background-color:var(--newCommunityTheme-navIconFaded10);border:2px solid transparent;border-radius:100px;cursor:pointer;position:relative;width:35px;transition:border-color .15s linear,background-color .15s linear}._2e2g485kpErHhJQUiyvvC2._3kUvbpMbR21zJBboDdBH7D{background-color:var(--newRedditTheme-navIconFaded10)}._2e2g485kpErHhJQUiyvvC2._3kUvbpMbR21zJBboDdBH7D._1L5kUnhRYhUJ4TkMbOTKkI{background-color:var(--newRedditTheme-active)}._2e2g485kpErHhJQUiyvvC2._3kUvbpMbR21zJBboDdBH7D._1L5kUnhRYhUJ4TkMbOTKkI._3clF3xRMqSWmoBQpXv8U5z{background-color:var(--newRedditTheme-buttonAlpha10)}._2e2g485kpErHhJQUiyvvC2._1asGWL2_XadHoBuUlNArOq{border-width:2.25px;height:24px;width:37.5px}._2e2g485kpErHhJQUiyvvC2._1asGWL2_XadHoBuUlNArOq ._2FKpII1jz0h6xCAw1kQAvS{height:19.5px;width:19.5px}._2e2g485kpErHhJQUiyvvC2._1hku5xiXsbqzLmszstPyR3{border-width:3px;height:32px;width:50px}._2e2g485kpErHhJQUiyvvC2._1hku5xiXsbqzLmszstPyR3 ._2FKpII1jz0h6xCAw1kQAvS{height:26px;width:26px}._2e2g485kpErHhJQUiyvvC2._10hZCcuqkss2sf5UbBMCSD{border-width:3.75px;height:40px;width:62.5px}._2e2g485kpErHhJQUiyvvC2._10hZCcuqkss2sf5UbBMCSD ._2FKpII1jz0h6xCAw1kQAvS{height:32.5px;width:32.5px}._2e2g485kpErHhJQUiyvvC2._1fCdbQCDv6tiX242k80-LO{border-width:4.5px;height:48px;width:75px}._2e2g485kpErHhJQUiyvvC2._1fCdbQCDv6tiX242k80-LO ._2FKpII1jz0h6xCAw1kQAvS{height:39px;width:39px}._2e2g485kpErHhJQUiyvvC2._2Jp5Pv4tgpAsTcnUzTsXgO{border-width:5.25px;height:56px;width:87.5px}._2e2g485kpErHhJQUiyvvC2._2Jp5Pv4tgpAsTcnUzTsXgO ._2FKpII1jz0h6xCAw1kQAvS{height:45.5px;width:45.5px}._2e2g485kpErHhJQUiyvvC2._1L5kUnhRYhUJ4TkMbOTKkI{-ms-flex-pack:end;justify-content:flex-end;background-color:var(--newCommunityTheme-active)}._2e2g485kpErHhJQUiyvvC2._3clF3xRMqSWmoBQpXv8U5z{cursor:default}._2e2g485kpErHhJQUiyvvC2._3clF3xRMqSWmoBQpXv8U5z ._2FKpII1jz0h6xCAw1kQAvS{box-shadow:none}._2e2g485kpErHhJQUiyvvC2._1L5kUnhRYhUJ4TkMbOTKkI._3clF3xRMqSWmoBQpXv8U5z{background-color:var(--newCommunityTheme-buttonAlpha10)} Can transfer pricing be excluded from EBITDA? Make the payment for the prepaid expense. I consider $10K too high and $1K too low. Increased EBITDA. Examples include prepaid expenses, accounts receivable, accounts payable, work in progress, accrued expenses and deferred taxes. Prepaid expenses - Canada.ca The expense would show up on the income statement while the decrease in prepaid rent of $10,000 would reduce the assets on the balance sheet by $10,000. This is part of a series: Accounting for Agriculture. From Wikipedia, the free encyclopedia. The general rule is that you can't prepay business expenses for a future year and deduct them from the current year's taxes. The relationship between quantity purchased and the projected quantity to be used. Prepaid Amortiztion Threshold | Proformative How to Account for Amortization of Prepaid Expenses? .c_dVyWK3BXRxSN3ULLJ_t{border-radius:4px 4px 0 0;height:34px;left:0;position:absolute;right:0;top:0}._1OQL3FCA9BfgI57ghHHgV3{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:start;justify-content:flex-start;margin-top:32px}._1OQL3FCA9BfgI57ghHHgV3 ._33jgwegeMTJ-FJaaHMeOjV{border-radius:9001px;height:32px;width:32px}._1OQL3FCA9BfgI57ghHHgV3 ._1wQQNkVR4qNpQCzA19X4B6{height:16px;margin-left:8px;width:200px}._39IvqNe6cqNVXcMFxFWFxx{display:-ms-flexbox;display:flex;margin:12px 0}._39IvqNe6cqNVXcMFxFWFxx ._29TSdL_ZMpyzfQ_bfdcBSc{-ms-flex:1;flex:1}._39IvqNe6cqNVXcMFxFWFxx .JEV9fXVlt_7DgH-zLepBH{height:18px;width:50px}._39IvqNe6cqNVXcMFxFWFxx ._3YCOmnWpGeRBW_Psd5WMPR{height:12px;margin-top:4px;width:60px}._2iO5zt81CSiYhWRF9WylyN{height:18px;margin-bottom:4px}._2iO5zt81CSiYhWRF9WylyN._2E9u5XvlGwlpnzki78vasG{width:230px}._2iO5zt81CSiYhWRF9WylyN.fDElwzn43eJToKzSCkejE{width:100%}._2iO5zt81CSiYhWRF9WylyN._2kNB7LAYYqYdyS85f8pqfi{width:250px}._2iO5zt81CSiYhWRF9WylyN._1XmngqAPKZO_1lDBwcQrR7{width:120px}._3XbVvl-zJDbcDeEdSgxV4_{border-radius:4px;height:32px;margin-top:16px;width:100%}._2hgXdc8jVQaXYAXvnqEyED{animation:_3XkHjK4wMgxtjzC1TvoXrb 1.5s ease infinite;background:linear-gradient(90deg,var(--newCommunityTheme-field),var(--newCommunityTheme-inactive),var(--newCommunityTheme-field));background-size:200%}._1KWSZXqSM_BLhBzkPyJFGR{background-color:var(--newCommunityTheme-widgetColors-sidebarWidgetBackgroundColor);border-radius:4px;padding:12px;position:relative;width:auto} Basic COA (.xlsx) Advanced COA (.xlsx) Expanded COA (.xlsx) COA with XBRL cross references (.xlsx) ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} If your accounting software allows auto amortization at point of input and does not require additional steps. GASB 51 allows for costs related . Prepaid insurance is insurance paid in advance and that has not yet expired on the date of the balance sheet. Your problem is actually the nuisance and not the threshold level. The initial journal entry for prepaid rent is a debit to prepaid rent and a credit to cash. Accounting for legal claims: IFRS compared to US GAAP - KPMG If you can expense a $700 dollar laptop, you can can expense a subscription (or whatever type). Is there a threshold for prepaid expenses? - Accounting-Area The Structured Query Language (SQL) comprises several different data types that allow it to store different types of information What is Structured Query Language (SQL)? Prepaid rent is rent paid in advance of the rental period. Save my name, email, and website in this browser for the next time I comment. In business terms, a prepaid expense is money you pay in the present for services or products that will be used in the future. ._1QwShihKKlyRXyQSlqYaWW{height:16px;width:16px;vertical-align:bottom}._2X6EB3ZhEeXCh1eIVA64XM{margin-left:3px}._1jNPl3YUk6zbpLWdjaJT1r{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;padding:0 4px}._1jNPl3YUk6zbpLWdjaJT1r._39BEcWjOlYi1QGcJil6-yl{padding:0}._2hSecp_zkPm_s5ddV2htoj{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;margin-left:0;padding:0 4px}._2hSecp_zkPm_s5ddV2htoj._39BEcWjOlYi1QGcJil6-yl{padding:0}._1wzhGvvafQFOWAyA157okr{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;box-sizing:border-box;line-height:14px;padding:0 4px}._3BPVpMSn5b1vb1yTQuqCRH,._1wzhGvvafQFOWAyA157okr{display:inline-block;height:16px}._3BPVpMSn5b1vb1yTQuqCRH{background-color:var(--newRedditTheme-body);border-radius:50%;margin-left:5px;text-align:center;width:16px}._2cvySYWkqJfynvXFOpNc5L{height:10px;width:10px}.aJrgrewN9C8x1Fusdx4hh{padding:2px 8px}._1wj6zoMi6hRP5YhJ8nXWXE{font-size:14px;padding:7px 12px}._2VqfzH0dZ9dIl3XWNxs42y{border-radius:20px}._2VqfzH0dZ9dIl3XWNxs42y:hover{opacity:.85}._2VqfzH0dZ9dIl3XWNxs42y:active{transform:scale(.95)} One stop will be to the chemical company, another stop to the machinery dealer, and then maybe, if more is necessary, there will be a stop at the oil company to contract some fuel.