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Which of the following is an optional step in the accounting cycle?
Long-Term Investments
Assets held by a company for a period exceeding one year, intended to bring a return on the investment over time.
Common Stock
Equity securities that represent ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.
Accounting Period
A specific time frame in which financial transactions are recorded and financial statements are prepared, commonly a fiscal quarter or year.
Voting Common Stock
Shares that give the shareholder the right to vote on corporate matters, such as electing the board of directors, at shareholder meetings.
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