Question 15 of 150 from exam MB-310: Microsoft Dynamics 365 Finance Functional Consultant

Question 15 of 150 from exam MB-310: Microsoft Dynamics 365 Finance Functional Consultant

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Question

HOTSPOT - A client plans to use Dynamics 365 Finance for year-end 1099 reporting in the United States.

You are viewing a vendor master data record on the 1099 FastTab.

Dynamics 365' Account: Save +New Delete VENDOR PROCUREMENT INVOICE GENERAL OPTIONS ACTIVITIES SETUP New Accounts MARKET STATISTICS Activities | Business classifications Print management | Create case | Cases Transaction log Campaign Period statistics Responsibilities Categories Prospect Knowledge articles Call list Prospect Intercompany ings ALL VENDORS 1003: Adatum Corporation Invoice and delivery Purchase order defaults Payment Tax 1099 Tax 1099 OPTIONS Report 1099 FATCA failing requirement Foreign entity indicator DBA CUSIP ID Yes @D NO @) NO W-9 received Federated tax ID Second TIN Name control CUSIP details NO 12313123 NO — Check for W-9 Tax ID type Name to use on the 1099 OID Nominee details Yes e=> (Unknown v fendor name © CUSIP. NO @) Investor type 1099 box — —

Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic.

NOTE: Each correct selection is worth one point.

Hot Area:

Answer Area Question Which prompt appears when the vendor invoice posts? You need to set up a default federal tax withholding type on an invoice journal. On the vendor record, what should you configure? Answer choice [Tax type unknown No foreign entity indicator |W-9 has not yet been received [Check for W-9 1099 box Federal tax ID W-9 received

Explanations

Answer Area Question Which prompt appears when the vendor invoice posts? You need to set up a default federal tax withholding type on an invoice journal. On the vendor record, what should you configure? Answer choice [Tax type unknown No foreign entity indicator |W-9 has not yet been received [Check for W-9 1099 box Federal tax ID |W-9 received
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