CERTYNEX IFRS ACADEMY

Lunesse wishes to allocate an entire discount to two of the four performance obligations in a contract. Which conditions must be met?

Management considers, without other evidence, that these two items are the least profitable.

Lunesse regularly sells each of the goods or services in the contract separately.

The customer asked for the discount to appear on the invoice for these two items.

Lunesse also regularly sells these two items together at a discount.

That usual discount is substantially the same as the discount in the contract.