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ABC Company is holding goods with a selling price of $110,000 which cost them $70,000. On December 3, 2019, ABC sold the goods to Timmons under a bill - and -hold arrangement. At the end of 2019 ABC still holds the goods. Assume ABC meets the four conditions necessary under a bill-and-hold arrangement to claim it has transferred control to the buyer. How much revenue should ABC recognize for 2019? O A. $110,000 O B. $40,000 O C. $70,000 OD. $0

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