ABC Corp. has the following Organization Structure:
1) Legal Entity: A
2) Operating Units: B and C
3) Balancing Entities: 10, 20, and 30
Identify three correct statements regarding the Balancing Entity. (Choose three.)
Each Balancing Entity must balance within itself.
There can be multiple Balancing Entities within an Operating Unit.
Balancing Entity is the lowest postable unit in the Chart of Accounts.
Balancing Entities can be automatically secured at the Legal Entity level.
Balancing Entities can be secured at the Operating Unit level through Security Rules.
Submit