ABC Enterprises has operations in the UK, France, the US (West), and the US (East). The US
(West) has budgetary control enabled and the US (East) requires approvals for journals. All
operations share the same chart of accounts, accounting calendar, and subledger accounting
method. The US (West) and the US (East) operate on the USD currency. The UK’s currency is
GBP, whereas France operates on the EUR currency. Identify the least number of legal entities
and accounting setups to be created.
A.
1 legal entity and 4 accounting setups
B.
4 legal entities and 1 accounting setup
C.
3 legal entities and 3 accounting setups
D.
4 legal entities and 4 accounting setups