Which of the following terms depicts processing orders for goods that are stored by the seller, often, because the buyer is not ready or able to receive the goods at the time of the order?
a. Consignment sales
b. Side agreements
c. Sham sales
d. Bill-and-hold sales

A bill and hold exchange is one in which the dealer doesn't deliver merchandise to the purchaser, yet at the same time records the related income. Income must be perceived under this game plan when various exacting conditions have been met. Something else, there is a danger of deceitfully perceiving income too soon.

The Securities and Exchange Commission (SEC) doesn't care for this kind of exchange and doesn't as a rule permit it, since income is typically possibly perceived when products are delivered to the purchaser.

Which of the following terms depicts processing orders for goods that are stored by the seller, often, because the buyer is not ready or able to receive the goods at the time of the order? a. Consignment sales b. Side agreements c. Sham sales d. Bill-and-hold sales

Respuesta :

Otras preguntas

Which of the following terms depicts processing orders for goods that are stored by the seller, often, because the buyer is not ready or able to receive the goods at the time of the order?
a. Consignment sales
b. Side agreements
c. Sham sales
d. Bill-and-hold sales