Question: A bill - and - hold arrangement can only be accounted for as a bona fide sale when which of the following conditions are present?

A bill-and-hold arrangement can only be accounted for as a bona fide sale when which of the following conditions are present?
Select answer from the options below
the buyer has a valid business reason for requesting that the shipment be delayed
the buyer has acquired legal title to the goods
the goods are segregated in the sellers warehouse and available to be shipped
All of these conditions must apply.

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