B74 If the repurchase price of the asset is equal to or greater than the original selling
price and is less than or equal to the expected market value of the asset, and the
customer does not have a significant economic incentive to exercise its right,
then the entity shall account for the agreement as if it were the sale of a product
with a right of return as described in paragraphs B20–B27.
B75 When comparing the repurchase price with the selling price, an entity shall
consider the time value of money.
B76 If the option lapses unexercised, an entity shall derecognise the liability and
recognise revenue.
Consignment arrangements
B77 When an entity delivers a product to another party (such as a dealer or a
distributor) for sale to end customers, the entity shall evaluate whether that
other party has obtained control of the product at that point in time. A product
that has been delivered to another party may be held in a consignment
arrangement if that other party has not obtained control of the product.
Accordingly, an entity shall not recognise revenue upon delivery of a product to
another party if the delivered product is held on consignment.
B78 Indicators that an arrangement is a consignment arrangement include, but are
not limited to, the following:
(a) the product is controlled by the entity until a specified event occurs,
such as the sale of the product to a customer of the dealer or until a
specified period expires;
(b) the entity is able to require the return of the product or transfer the
product to a third party (such as another dealer); and
(c) the dealer does not have an unconditional obligation to pay for the
product (although it might be required to pay a deposit).
Bill-and-hold arrangements
B79 A bill-and-hold arrangement is a contract under which an entity bills a customer
for a product but the entity retains physical possession of the product until it is
transferred to the customer at a point in time in the future. For example, a
customer may request an entity to enter into such a contract because of the
customer’s lack of available space for the product or because of delays in the
customer’s production schedules.
B80 An entity shall determine when it has satisfied its performance obligation to
transfer a product by evaluating when a customer obtains control of that
product (see paragraph 38). For some contracts, control is transferred either
when the product is delivered to the customer’s site or when the product is
shipped, depending on the terms of the contract (including delivery and
shipping terms). However, for some contracts, a customer may obtain control of
a product even though that product remains in an entity’s physical possession.
In that case, the customer has the ability to direct the use of, and obtain
substantially all of the remaining benefits from, the product even though it has
decided not to exercise its right to take physical possession of that product.
B74 If the repurchase price of the asset is equal to or greater than the original sellingprice and is less than or equal to the expected market value of the asset, and thecustomer does not have a significant economic incentive to exercise its right,then the entity shall account for the agreement as if it were the sale of a productwith a right of return as described in paragraphs B20–B27.B75 When comparing the repurchase price with the selling price, an entity shallconsider the time value of money.B76 If the option lapses unexercised, an entity shall derecognise the liability andrecognise revenue.Consignment arrangementsB77 When an entity delivers a product to another party (such as a dealer or adistributor) for sale to end customers, the entity shall evaluate whether thatother party has obtained control of the product at that point in time. A productthat has been delivered to another party may be held in a consignmentarrangement if that other party has not obtained control of the product.Accordingly, an entity shall not recognise revenue upon delivery of a product toanother party if the delivered product is held on consignment.B78 Indicators that an arrangement is a consignment arrangement include, but arenot limited to, the following:(a) the product is controlled by the entity until a specified event occurs,such as the sale of the product to a customer of the dealer or until aspecified period expires;(b) the entity is able to require the return of the product or transfer theproduct to a third party (such as another dealer); and(c) the dealer does not have an unconditional obligation to pay for theproduct (although it might be required to pay a deposit).Bill-and-hold arrangementsB79 A bill-and-hold arrangement is a contract under which an entity bills a customerfor a product but the entity retains physical possession of the product until it istransferred to the customer at a point in time in the future. For example, acustomer may request an entity to enter into such a contract because of thecustomer’s lack of available space for the product or because of delays in thecustomer’s production schedules.B80 An entity shall determine when it has satisfied its performance obligation totransfer a product by evaluating when a customer obtains control of thatproduct (see paragraph 38). For some contracts, control is transferred eitherwhen the product is delivered to the customer’s site or when the product isshipped, depending on the terms of the contract (including delivery andshipping terms). However, for some contracts, a customer may obtain control ofa product even though that product remains in an entity’s physical possession.In that case, the customer has the ability to direct the use of, and obtainsubstantially all of the remaining benefits from, the product even though it hasตัดสินใจไม่ไปใช้สิทธิของสิทธิการครอบครองทางกายภาพของผลิตภัณฑ์นั้น
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