Skip to main content
IFRS Academy

CERTYNEX IFRS ACADEMY

Search the Academy

Home
My learning path
Exercises & quizzes
Cases
Workpapers
Exams
My progress

Single choiceAdvancedPublished

Question · Significant financing component

Bastide renovates the façade of a building for 900,000. In accordance with industry practice, the customer withholds 5% of the price for 1 year after acceptance, to protect itself against defective work; this amount is released if no reservation is raised. The price includes no mark-up linked to this delay, and the retention is judged proportionate to its purpose (case data). How should Bastide analyse this retention?

Your answer

← Back to the concept