Microsoft
MB3-701 · Question #15
You process the year end close for the Fixed Assets corporate book. Which two statements are true? (Each correct answer presents a complete solution. Choose two.)
The correct answer is B. The Cost Basis amount is copied to the Begin Cost field for each asset in the book. D. The fiscal year for your corporate book is set automatically to the next year. See the full explanation below for the reasoning.
Question
You process the year end close for the Fixed Assets corporate book. Which two statements are true? (Each correct answer presents a complete solution. Choose two.)
Options
- AYou must manually update the fiscal year for your corporate book to the next year.
- BThe Cost Basis amount is copied to the Begin Cost field for each asset in the book.
- CA year end General Ledger entry is created automatically for each asset in the book.
- DThe fiscal year for your corporate book is set automatically to the next year.
How the community answered
(40 responses)- A8% (3)
- B75% (30)
- C18% (7)
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