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.)
A.
two accounting calendars
B.
four sets of books
C.
three sets of books
D.
two sets of books
E.
chart of accounts structure
G.
period types or use seeded ones
one accounting calendar
G.
period types or use seeded ones
one accounting calendar
H.
enable seeded CAD and USD currencies
I.
account combinations
Explanation: