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