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Which of the following would be considered a reasonable long-term strategy for a tree at the onset of a drought?
Accounts Receivable
Money owed to a company by its customers for products or services that have been delivered or used but not yet paid for.
Cash Effect
The impact of transactions on the cash position of a company, including inflows and outflows.
Insurance Expense
The cost recognized in accounting for premiums paid on insurance policies covering various risks to a business.
Financing Activities
Transactions and events where cash is raised from or repaid to investors and creditors, such as issuing equity or borrowing.
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