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If there is a fraud because of Bill and Hold, the would b fraud be related to: Expense recognition Revenue Recognition Holding recognition O None

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If there is a fraud because of Bill and Hold, the would b fraud be related to: Expense recognition Revenue Recognition Holding recognition O None of the above For Bill and Hold to be LEGITIMATE, all these conditions must be satisfied EXCEPT O The customer must have a commitment to purchase, preferably in writing The buyer must require the bill-and-sale transaction, and must have a valid reason for that O The risks of ownership must have passed to the buyer O A fixed delivery date must exist O The goods must be complete and ready for shipment O None of the above

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