ABC Metal Corporation has three legal entities that share the same chart of accounts, accounting calendar, currency, subledger accounting method, and ledger processing options. They have additional…

ABC Metal Corporation has three legal entities that share the same chart of accounts, accounting calendar, currency, subledger accounting method, and ledger processing options. They have additional accounting requirements: 1. All legal entities share the same primary ledger attributes. 2. None of the legal entities have special requirements to open and close accounting periods independent from the others. 3. All legal entities engage in intercompany accounting. 4. For month-end consolidation purposes, ABC Metal Corporation wants to keep their consolidation adjustments and elimination entries completely separate from the day-to-day transactions of their legal entities. Based on these requirements, select two considerations that are true for the accounting setup. (Choose two.)