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When communicating with families who do not yet speak English fluently, which is not recommended?
Prepaid Insurance
An asset account on the balance sheet that represents a payment made for insurance services that have not yet been received or used up within the period of the insurance contract.
Accrued Fees
Fees that have been incurred but not yet paid or recorded by the entity.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
Unearned Revenue
Money received by a company for goods or services yet to be delivered or performed, considered a liability until the service or product is provided.
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