1.

For straightforward retail transactions IFRS 15 will have little effect on the amount and timing of revenue
recognition
2. For straightforward retail transactions IFRS 15 will have little, if any, effect on the amount and timing of
revenue recognition (Complex Sentence)
3. Some would argue that offsetting income and expenses in the statement of profit or loss is not good
practice. Others would say that the expenses would not have been incurred had the grant not been
available, so offsetting the two is acceptable.
4. The handset has a stand-alone price of $100 and the contract is for $20 per month.