Ooh, this is a tricky one! I'm going to go with B) Actual costing results and D) Elimination of intercompany postings. Gotta love that universal journal, it's like the financial black hole that sucks in all the data!
Haha, C) Parallel currencies? What is this, the Wizard of Oz? The universal journal is for real business data, not some fantasy world currency. I'm going with B) Actual costing results and D) Elimination of intercompany postings.
A) Transfer prices and B) Actual costing results seem like the right choices to me. The universal journal is where all the financial data gets recorded, so it makes sense that it would include both transfer prices and actual costs.
I think the correct answers are B) Actual costing results and D) Elimination of intercompany postings. The universal journal is the central repository for all business transactions, so it would store the actual costing data and eliminate any intercompany postings.
Monroe
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