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NEW QUESTION: 1
Which three activities would use summary accounts? (Choose three.)
A. Estimate a sales commission accrual based on the total of all product sales for each division.
B. Formulate a budget for employee benefits in each company based on the total of all budgeted employee salaries.
C. Allocate the total monthly costs of the Information Services department to other departments.
D. Create a monthly recurring standard journal entry to amortize Goodwill.
Answer: A,B,C