Accrued Expenses vs. Prepaid Expenses It’s important not to confuse accrued expenses with prepaid expenses. The two are, in fact, opposites. With an accrued expense, the company has utilized goods or ...

The Board has approved a proposal from its Chairman to exchange $925,719 in accrued expenses owed to Mr. Sangha in return for the issuance of 5,000,000 shares of Series A Preferred Stock.