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When a merger of South Carolina-based Springs Industries with the Brazilian textile producer Coteminas was announced, the CEO of Springs was quoted as saying, "It is unclear what effect this move will have on our employees though no immediate layoffs are planned. There may be some in the future." In the ____ stage of the organizational change, the CEO should use empathy and communicate specific details of the merger.
Unearned Revenues
Money received for services or products that have yet to be delivered or performed; recognized as a liability until the revenue is earned.
Liability Account
An account on a company's balance sheet that represents debts or obligations that the business needs to pay off in the future.
Related Revenue
The income generated from activities that are directly related to the main business operations.
Accrued Expenses
Expenses that have been incurred but not yet paid or recorded, to be recognized in the accounting period they are incurred.
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