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Which two statements are true about the reporting currency in Oracle General Ledger? (Choose two.) A. It is an integrated extension of a ledger. B. It replaces multiple reporting currencies. C. Reporting currencies are the same as secondary ledgers. D. Reporting currencies cannot have the same chart of accounts, accounting method, and ledger processing options. Answer: AB
Which three activities would use summary accounts? (Choose three.) A. creating a monthly recurring standard journal entry to amortize goodwill B. allocating the total monthly costs of the Information Services department to other departments C. estimating a sales commission accrual based on the total of all product sales for each division D. formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries Answer: BCD
