Which of the following about Bill-and-Hold transactions is correct? a. They are legitimate business transactions b....
Which of the following about Bill-and-Hold transactions is
correct?
a. They are legitimate business transactions
b. They are transactions that the sellers ship the merchandise to
the customer and recognize revenue.
c. The customer asks the seller to hold both the merchandise and
billing for a period of time so the seller does not recognize
revenue until the customer receives the merchandise.
d. Some are legitimate transactions if certain SEC criteria are
met.
Homework Answers
c. The customer asks the seller to hold both the merchandise and billing for a period of time so the seller does not recognize revenue until the customer receives the merchandise.
Bill and hold arrangements are such that, the goods are shipped only when certain conditions are satisfied among them includes payment for goods to the supplier. So the answer is c.
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Which of the following about Bill-and-Hold transactions is
correct?
a. They are legitimate business transactions
b....
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Is this correct?
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Is this correct?
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