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NEW QUESTION 37
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 Truck' 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. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What would the typical line information be?
Answer: B
NEW QUESTION 38
Which is an alternate way to implement a mapping set rule?
Answer: A
NEW QUESTION 39
Which two methods can you use to manage your setup data in the Functional Setup Manager?
Answer: B,D
NEW QUESTION 40
Which statement is true about accounting transformation?
Answer: D
NEW QUESTION 41
Which two statements are true about the Accounting Hub Cloud?
Answer: A,B
NEW QUESTION 42
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