CERTYNEX IFRS ACADEMY

Forges Ardoise sells industrial presses. Which of the following clauses, included in its sales contracts, make the sale a repurchase agreement within the meaning of IFRS 15?

Forges Ardoise undertakes to buy from the customer, the following year, castings unrelated to the press sold.

Forges Ardoise is required to repurchase the press from the customer on a date set in the contract.

Forges Ardoise has the right, if it so wishes, to repurchase the press from the customer for 3 years.

Forges Ardoise must repurchase the press if the customer asks it to do so within 3 years.

Forges Ardoise warrants for 1 year that the press complies with the agreed specifications.