QUESTION 105 Bill-and-hold arrangement – retail and consumer industry Game Maker enters into a contract during 20X6 to supply 100,000 video game consoles to Retailer. The contract contains specific instructions from Retailer about where the consoles should be delivered. Game Maker must deliver the consoles in 20X7 at a date to be specified by Retailer. Retailer expects to have sufficient shelf space at the time of delivery. As of December 31, 20X6, Game Maker has inventory of 120,000 game consoles, including the 100,000 relating to the contract with Retailer. The 100,000 consoles are stored with the other 20,000 game consoles, which are all interchangeable products; however, Game Maker will not deplete its inventory below 100,000 units. When should Game Maker recognize revenue for the 100,000 units to be delivered to Retailer?