ABC.com is a global company based in the United States with divisions in North American,
Europe and Asia. All of the journal imports, recurring journals, mass allocations and manual
journal entries have been posted for their European subsidiary. What is the next logical step
in the period-close process?
A.
Consolidate to the parent set of books.
B.
Reconcile account balances.
C.
Translate to functional currency.
D.
Open the next period.
E.
Close the current period.
G.
Revalue foreign currency balances.
Run financial reports.
G.
Revalue foreign currency balances.
Run financial reports.