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The text points out that power tactics likely to increase the quality of relationships include:
Insurance Expense
The cost incurred by a company to insure its assets and operations.
Adjusting Entry
Recording entries in journals at an accounting period's end to distribute income and expenses to the actual period of occurrence.
Prepaid Insurance
Refers to payments made in advance for insurance coverage, recognized as an asset on the balance sheet until the coverage period lapses.
Prepaid Expenses
Expenses paid in advance by a company for goods or services to be received in the future, reported as current assets on the balance sheet.
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