IFRS 15 defines the transaction price. Which one of the following statements is reasonable? Use It Ltd. sells a second-hand car to Kira a university student. Kira will be paying for the car in instalments which provides Kira with a significant benefit of financing. IFRS 15s transaction price does not take into account whether the sale is financed or not, because financing is within the scope of IFRS 9 Financial Instruments. Natural Sugar Ltd. contracts to sell juice to Buy Fresh, a grocery store. In order to have its juice displayed prominently at check-out points and at eye level on juice aisle shelves Natural Sugar Ltd. contracts to make an upfront payment of MU5 million to Buy Fresh. Natural Sugar Ltd. must account for the MU5 million as a reduction in revenue. Farm Friendly Inc. transfers an item of equipment that Down Home Electric Ltd. must use to provide Farm Friendly Inc. with ongoing access to a supply of electricity. The equipment has a fair value of MU800,000. Down Home Electric Ltd.s transaction price does not take into account equipment provided by the customer. Truckers Ltd. sells a new dual-cab 4-wheel drive motor vehicle to Mr. and Mrs. Lee for MU88,000. The local government requires that a sales tax of 10% is levied on all sales which is payable to the local government by the end of each month, therefore MU8,000 is due to the local