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Given the business use case:
"New Trucks" runs a fleet of trucks in a rental business in the U.S. The majority of the trucks are owned; however, in some cases, "New Trucks" may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks" company has a subsidiary company "Fix Trucks" that maintains its own profit and loss entity. "New Trucks" and "Fix Trucks" are located in the same country and share a chart of accounts and accounting conventions.
How many ledgers are required to be set up?
A. Two primary ledgers
B. One primary, one secondary ledger
C. One primary, one reporting currency ledger
D. One primary ledger
Answer: D
NEW QUESTION # 82
Which is an alternate way to implement a mapping set rule?
A. Define a chart of account rule with conditions
B. Define a lookup type rule with conditions
C. Define a flexfield rule with conditions
D. Define an account rule with conditions
Answer: D
NEW QUESTION # 83
Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they are processing transactions in a source system, and you have been appointed as a consultant to implement Oracle Cloud Accounting Hub to standardize the accounting process. You have decided to register the source system as a single application in Accounting Hub.
How many event classes will be generated by the system while registering the source system?
A. Four
B. One
C. Two
D. Three
Answer: B
NEW QUESTION # 84
You are implementing Accounting Hub for one of your client organizations in the US. The organization has two legal entities, loans and insurance. Both the legal entities have agreed to share the same chart of accounts and convention. However, the loans legal entity will use the January to December calendar, while the insurance legal entity will use the July to June calendar.
How many primary ledgers will you create to achieve this requirement?
A. Four
B. Three
C. Two
D. One
Answer: C
NEW QUESTION # 85
You design an income statement report with the help of Financial Reporting Web Studio. You add row numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect the sum of row numbers 3, 4, and 5.
Which formula should be used on row number 6 to calculate the sum?
A. ([3:5])
B. ({3:5})
C. ([3;5])
D. ([3,5])
Answer: A
NEW QUESTION # 86
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