gastos pagados por anticipados L P

English translation: long-term prepaid expenses

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:gastos pagados por anticipados L P
English translation:long-term prepaid expenses
Entered by: Laurel Thompson

21:20 May 16, 2011
Spanish to English translations [PRO]
Bus/Financial - Accounting / Balance Sheet term
Spanish term or phrase: gastos pagados por anticipados L P
This is a line item on a balance sheet in the "Assets" column.
Please, what does L.P. mean here?
Laurel Thompson
United States
Local time: 06:43
long-term prepaid expenses
Explanation:
[PDF] TermoEmcaIi I S.A. E.S.P. - [ Translate this page ]
File Format: PDF/Adobe Acrobat - Quick View
Gastos pagados por anticipado largo plazo y diferidos. Inventarios. Diferidos. Otros Activos. Cuentas por pagar. Compañías del Exterior ...
www.termoemcali.com/public/.../TE_2009-2008.pd
Long-term prepaid expenses Answer,Long-term prepaid expenses ...
7 Jan 2011 ... Long-term prepaid expenses Answer,Long-term prepaid expenses Question includes Accounting,Amortization of start-up costs and advertising ...
ask.alibaba.com/.../Long-term%2Bprepaid%2Bexpenses-answer.html
Selected response from:

patinba
Argentina
Local time: 07:43
Grading comment
Thank you both, this one arrived first.
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +1Long-term prepaid expenses
Richard Cadena
3 +1long-term prepaid expenses
patinba


  

Answers


11 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
long-term prepaid expenses


Explanation:
[PDF] TermoEmcaIi I S.A. E.S.P. - [ Translate this page ]
File Format: PDF/Adobe Acrobat - Quick View
Gastos pagados por anticipado largo plazo y diferidos. Inventarios. Diferidos. Otros Activos. Cuentas por pagar. Compañías del Exterior ...
www.termoemcali.com/public/.../TE_2009-2008.pd
Long-term prepaid expenses Answer,Long-term prepaid expenses ...
7 Jan 2011 ... Long-term prepaid expenses Answer,Long-term prepaid expenses Question includes Accounting,Amortization of start-up costs and advertising ...
ask.alibaba.com/.../Long-term%2Bprepaid%2Bexpenses-answer.html


patinba
Argentina
Local time: 07:43
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 604
Grading comment
Thank you both, this one arrived first.
Notes to answerer
Asker: Of course----lp and cp---largo plazo and corto plazo. Thanks!


Peer comments on this answer (and responses from the answerer)
agree  marybro
39 mins
  -> Thanks, Mary!
Login to enter a peer comment (or grade)

16 mins   confidence: Answerer confidence 5/5 peer agreement (net): +1
Long-term prepaid expenses


Explanation:
"Gastos anticipados" or "Gastos pagados por anticipados" are prepaid expenses. The standard term in Spanish is "Gastos anticipados". LP appears to be "Largo Plazo", which is "long-term" in English.

References:
Tom West's Dictionary
Silvana Debonis's Dictionary
Marina Orellana's Dictionary

Hope this helps.

In my 23rd year of translating from Spanish to English for Mexico City based member firms of big 4 (PwC, KPMG) and 2nd tier (Grant Thornton, RSM, Hevia, etc.) CPA firms, as well as other financial institutions.

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Note added at 18 mins (2011-05-16 21:38:35 GMT)
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Barron's Accounting Handbook provides the folloiwng definition:

Prepaid Expense: Expenditures paid for in one accounting period, but not completely used or consumed until the net accounting period.Examples of expenses paid in advance are insurance, advertising, and rent. Prepaid expenses are often of a recurring nature. They are presented under current assets in the balance sheet.


    Reference: http://aicpa.org
    Reference: http://imcp.org.mx
Richard Cadena
Mexico
Local time: 04:43
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 726

Peer comments on this answer (and responses from the answerer)
agree  marybro
34 mins
  -> Thank you, Mary. Saludos from Mexico City, Richard.
Login to enter a peer comment (or grade)



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