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Which is not part of the consolidation phase?
Petty Cash
A small amount of cash on hand used for covering minor expenses.
Balance Sheet
A financial statement that summarizes a company's assets, liabilities, and stockholders' equity at a specific point in time, providing a snapshot of its financial condition.
Cash Equivalents
Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
Short-Term Investments
Assets that are expected to be converted into cash or sold within one year or the operating cycle, whichever is longer.
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