Can a company recognize revenue for bill and hold arrangement? Specifically, from this example Company...
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Can a company recognize revenue for bill and hold arrangement? Specifically, from this example Company A states Customer A will be billed when the product is complete and ready for pick-up. Customer A's product is sold to another customer. Later, the sales associate concludes Customer A's product will be completed before Customer A plans to pick it up. The boss tells the accounting department to record revenue correlating with customer A's order as it represents a bill and hold arrangement.
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