ABC Enterprise has operations in the US (East), the US (West), the US (North), and the US
(South). The US (North) and the US (East) divisions want to have budgetary controls. The
US (West) wants to have journal approvals. ABC Enterprise reports to its parent company in
the UK and the reporting currency is GBP. The scope of implementation is for the US
operations. The currency, chart of accounts, and calendar are the same for all operations.
Identify the number of legal entities and primary ledgers that must be created.
A.
1 and 3
B.
1 and 4
C.
2 and 3
D.
1 and 2