Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution. After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen. You are configuring the year-end setup in Dynamics 365 Finance. You need to configure the year-end setup to meet the following requirements: ✑ The accounting adjustments that are received in the first quarter must be able to be posted into the previous year’s Period 13. ✑ The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions. ✑ All dimensions from profit and loss must carry over into the retained earnings. ✑ All future and previous periods must have an On Hold status. Solution: ✑ Configure General ledger parameters. – Set the Delete close of year transactions option to No. – Set the Create closing transactions during transfer option to No. – Set the Fiscal year status to permanently closed option to No. ✑ Define the Year-end close template. – Designate a retained earnings main account for each legal entity. – Set the Financial dimensions will be used on the Opening transactions option to No. – Set the Transfer profit and loss dimensions to Close All. ✑ Set all prior and future Ledger periods to a status of On Hold. Does the solution meet the goal?