Oracle Financials Cloud: Accounts Payable 2017 Implementation Essentials — Question 68

You need to submit a 1099 report; your State format has changed slightly since last year. How should you submit your 1099s for the State in the current year?

Answer options

• A. Manually enter the 1099s for the State and submit.
• B. Generate a 1096 form and submit it instead.
• C. Run and submit your 1099s because it will automatically reflect any changes.
• D. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.

Correct answer: D

Explanation

The correct answer is D because editing the 1099 template ensures that all recent changes are accurately reflected in the report before submission. Option A is incorrect as manual entry may lead to errors, B is wrong because a 1096 form is not a substitute for submitting 1099s, and C is misleading since automatic updates do not apply without confirming template adjustments.