1Z0-516 · Question #692
ABC.com has two diverse business operations in retail stores and services. It has five legal entities in Canada and five in the United States for both operations. The fiscal year end is the same for…
The correct answer is A. two accounting calendars B. four sets of books E. chart of accounts structure F. period types or use seeded ones H. enable seeded CAD and USD currencies. See the full explanation below for the reasoning.
Question
ABC.com has two diverse business operations in retail stores and services. It has five legal entities in Canada and five in the United States for both operations. The fiscal year end is the same for all the legal entities with 12 monthly periods. However, ABC.com wants to use a 4-5-4 accounting calendar for its retail operations and a calendar-month accounting calendar for the services operations. ABC.com also wants to use a single chart of accounts structure. Which five items must ABC.com define to meet the minimum setup steps that are required for the sets of books for all legal entities? (Choose five.)
Options
- Atwo accounting calendars
- Bfour sets of books
- Cthree sets of books
- Dtwo sets of books
- Echart of accounts structure
- Fperiod types or use seeded ones
- Gone accounting calendar
- Henable seeded CAD and USD currencies
How the community answered
(23 responses)- A74% (17)
- C4% (1)
- D9% (2)
- G13% (3)
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