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A bill-and-hold transaction involves the segregation of completed tangible goods or products for a specific customer which are not available to fill other customer orders. Title under a bill-and-hold transaction passes to the customer even though the items are still in the possession of the seller. SAB 104 sets forth specific criteria that must be met in order to recognize revenue on a bill-and-hold transaction. The questions under this topic address the SAB 104 criteria.

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