P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?

What are two important first steps in initially setting up Close Manager? (Choose two.)

Whichstatement is true regarding Data Management categories?

What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

What is the primary function of enabling the Track Intercompany Elimination option during the application creation?