ABC Company is holding goods with a selling price of $250,000 which cost them $86,000. On December 3, 2017, ABC sold the goods to Timmons under a bill-and-hold arrangement. At the end of 2017, ABC still holds the goods. How much revenue should ABC recognize for 2017?
A) $250,000
B) $86,000
C) $164,000
D) $0
Correct Answer:
Verified
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A)
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