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Pharpah Limited sells $243,800 fcost $185,400 ) of brewing tanks on June 1, 2023, to a brewery. Kong Limited, which is planning to expand its

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Pharpah Limited sells $243,800 fcost $185,400 ) of brewing tanks on June 1, 2023, to a brewery. Kong Limited, which is planning to expand its locations. Under the agreement, Kong aska Pharoah to retain these tanks inits warehouvesuntil the new breweries thut will hovse the brewing tanks are resdy. Title passes to Kong at the time the agreement ki signed and a cait depeit. of $23,000 is paid by Korg on June 1,2023 (3) When Uhovid Pharouh recoeniere the revenue trom this bill-and-hold arrangentent

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