4 Repro, a company which sells photocopying equipment, has prepared its draft financial statements for the year ended 30 September 2019. It has included the following transactions in revenue at the stated amounts below. Which of these has been correctly included in revenue according to IFRS 15 Revenue from Contracts with Customers? a. b. C. Agency sales of 250,000 on which Repro is entitled to a commission Sale proceeds of 20,000 for motor vehicles which were no longer required by Repro Sales of 150,000 on 30 September 2019. The amount invoiced to and received from the customer was 180,000, which includes 30,000 for ongoing servicing work to be done by Repro over the next two years Sales of 200,000 on 1 October 2018 to an established customer which (with the agreement of Repro) will be paid in full on 30 September 2020. Repro has a cost of capital of 10% d. 5 1 In a review of its provisions for the year ended 31 March 2020, Cumla's assistant accountant has suggested the following accounting treatments: Making a provision for a constructive obligation of 400,000; this being the sales value of goods expected to be returned by retail customers after the year end under the company's advertised 30-day returns policy Based on past experience, a 200,000 provision for unforeseen liabilities arising after the II year end The partial reversal (as a credit to the statement of profit or loss) of the accumulated depreciation provision on an item of plant because the estimate of its remaining useful life has been increased by three years Providing 1 million for deferred tax at 25% relating to a 4 million revaluation of property during March 2020 even though Cumla has no intention of selling the property in the near future IV Which of the above suggested treatments of provisions is/are permitted by IFRS? a. b. C. d. I only I and II II and III IV