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A _____ strategy involves delaying collection of foreign currency receivables if that currency is expected to appreciate and delaying payables if the currency is expected to depreciate.
Unearned Revenue
Money received by a business for goods or services yet to be provided, recorded as a liability until earned.
Liability Account
An accounting record that shows the current and future financial obligations a company owes to others.
Asset Account
An account on a company's balance sheet that represents a resource controlled by the company from which future economic benefits are expected.
Depreciation
Systematically spreading the expense of a tangible asset across its life expectancy.
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