CERTYNEX IFRS ACADEMY

On acquiring Junivel, Lumaret undertakes to pay the seller an additional price if Junivel's revenue exceeds a threshold in 20X7. Under which standard does Lumaret account for this contingent additional price?

IAS 37, because the payment depends on an uncertain future event.

IFRS 15, because the additional price depends on revenue.

IAS 37 for measurement and IFRS 3 for disclosure.

IFRS 3, which deals with the contingent consideration of an acquirer.