NetSuite Exam SuiteFoundation Topic 10 Question 44 Discussion

Actual exam question for NetSuite's SuiteFoundation exam

Question #: 44
Topic #: 10

[All SuiteFoundation Questions]

Which structure will allow the tracking of consolidated financial reports by a legal entity?

AClasses

BLocations

CSubsidiaries

DDepartments

Show Suggested Answer

Suggested Answer: A

by Regenia at Aug 06, 2023, 12:54 PM

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Tony

1 months ago

So, should I put down 'All of the above' as the answer? I mean, if you can't decide, might as well cover all the bases, right?

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Frankie

2 days ago

C) Subsidiaries

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Olga

3 days ago

B) Locations

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Chauncey

17 days ago

A) Classes

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Charolette

2 months ago

I heard the CFO got a little too 'consolidated' with their weekend finances if you know what I mean. Oops, did I say that out loud?

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Mari

3 days ago

C) Subsidiaries

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Sabine

4 days ago

B) Locations

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Lawrence

5 days ago

A) Classes

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Nada

2 months ago

C) Subsidiaries, for sure. I mean, who else would be tracking consolidated reports for a legal entity other than its subsidiaries?

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Val

2 days ago

Subsidiaries it is then, thanks for confirming.

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Chanel

4 days ago

I agree, Subsidiaries are the way to go for that.

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Rueben

10 days ago

Yeah, Subsidiaries make the most sense for tracking consolidated reports.

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German

12 days ago

I think it's definitely C) Subsidiaries.

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Mauricio

16 days ago

D) Departments

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Becky

17 days ago

B) Locations

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Pamella

20 days ago

A) Classes

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Reynalda

23 days ago

C) Subsidiaries, for sure. I mean, who else would be tracking consolidated reports for a legal entity other than its subsidiaries?

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Gilbert

29 days ago

B) Locations and D) Departments are not typically used for tracking consolidated financial reports. C) Subsidiaries is the best option.

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Elbert

1 months ago

A) Classes wouldn't make sense for tracking consolidated financial reports. It has to be C) Subsidiaries.

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Roslyn

2 months ago

C) Subsidiaries, definitely. They are the ones responsible for tracking consolidated financial reports.

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Marsha

2 months ago

Nah, I'm pretty sure it's C) Subsidiaries. Tracking finances across different legal entities is what this is asking about.

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Adela

2 months ago

Yeah, Subsidiaries make sense for tracking finances across different legal entities.

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Georgiann

2 months ago

I think you're right, C) Subsidiaries would be the best option for tracking consolidated financial reports.

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Rene

2 months ago

Hmm, I'm not sure. Could it be D) Departments? I mean, departments are part of the legal entity, right?

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An

20 days ago

Oh, I see. Thanks for clarifying!

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Ashley

22 days ago

Yes, you're right. Subsidiaries would be the correct choice for tracking consolidated financial reports.

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Kanisha

23 days ago

I think it's C) Subsidiaries, they are usually separate legal entities.

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Sena

24 days ago

D) Departments

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Miriam

25 days ago

C) Subsidiaries

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Filiberto

1 months ago

B) Locations

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Sheron

2 months ago

A) Classes

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Evette

2 months ago

I think the answer is C) Subsidiaries. That's the only option that seems related to tracking consolidated financial reports for a legal entity.

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Werner

3 months ago

I'm not sure, but I think it could also be D) Departments. They might have separate financial data.

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Armanda

3 months ago

I agree with Carla. Subsidiaries make sense for tracking consolidated financial reports.

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Carla

3 months ago

I think the answer is C) Subsidiaries.

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