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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

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.

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