Sale and Leaseback

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July 22, 2021 at 10:55 am #629092
sush97
Participant
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Kaplan Exam kit – Question no 25 (i)

My query may come across as silly, but I am unsure as to how the transaction was not considered as a sale; and the criteria to apply IFRS 15 to determine whether a transaction is sale and leaseback or not?

could you please explain?

thanks in advance!
July 22, 2021 at 1:54 pm #629118
Kim Smith
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I don’t have copies of the kits so you will need to provide more details – what is the Q name/exam session. What does it say in the scenario? And in the answer?
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