8. Agricultural Cooperatives

(Including a Reseller of the Vendor's Products), " addresses the accounting by a vendor1 for consideration given to a customer, including both a reseller of the vendor's products and an entity that purchases the vendor's products from a reseller. That Issue provided accounting guidance on how a vendor should characterize consideration given to a customer and when to recognize and how to measure that consideration in its income statement. 1 Terms defined in Exhibit 02-16B, the glossary, are set forth in boldface type the first time they appear. Copyright © 2003, Financial Accounting Standards Board Not for redistribution Page 12. Questions have arisen regarding how a reseller of a vendor's products should account for cash consideration (as that term is defined in Issue 01-9) received from a vendor. 3. The issues are: Issue 1—The circumstances under which cash consideration received from a vendor by a reseller should be considered (a) an adjustment of the prices of the vendor's