Which of the following situations describes an onerous contract under IFRS?

Question 10 options:

a)	Giant Corp. entered into a contract to purchase 10 tonnes of zinc for $2,500 per tonne. The company plans to resell the zinc for a total of $26,000.

b)	Giant Corp. entered into a contract to sell 12 tonnes of zinc for $2,250 per tonne. The company can purchase a tonne of zinc for $2,300 at this time.

c)	Giant Corp. entered into a contract to purchase 5 tonnes of zinc for $2,350 per tonne. The company plans to resell this zinc for $2,400 per tonne.

d)	Giant Corp. entered into a contract to sell 9 tonnes of zinc for a total of $21,600. The company can purchase a tonne of zinc for $2,250 at this time.