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Explain the concept of matching in the strategy-formulation framework.
Unearned Revenues
This reflects money received by a company for goods or services yet to be provided.
Retained Earnings
The portion of net income that is kept within the company rather than distributed to its shareholders as dividends.
Prepaid Rent
Payments made in advance for rent on a property or space that is to be used in the future, recorded as an asset on the balance sheet until the period to which the payment applies passes.
Sales Revenue
The total income a company generates from selling its goods or services before any costs or expenses are subtracted.
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