Skip to main content
IFRS Academy

CERTYNEX IFRS ACADEMY

Search the Academy

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

True / falseIntermediatePublished

Question · Principal versus agent considerations

Pivoine buys show tickets and immediately resells them to its customers; it holds legal title to them only for an instant before they are transferred to the customer. This momentary legal title alone is enough to establish that it acts as a principal.

Your answer

← Back to the concept