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Which of the following is NOT true regarding the adjustment of stepchildren?
Cash Concentration
The process of consolidating cash from multiple accounts into a single account, aiming to improve the efficiency of cash management and reduce transaction costs.
Centralized Bank Account
A single bank account used by a company to manage and control all payments and receipts, simplifying cash management.
Adjustment Costs
Expenses incurred from making changes to a business, such as restructuring operations or relocating facilities.
Marketable Securities
Short-term financial instruments that can be quickly converted into cash at a reasonable price, like stocks and bonds.
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