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crowdfunding example COS issues

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › crowdfunding example COS issues

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.
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  • August 18, 2021 at 11:57 am #631935
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    sir in this technical article- Crowdfunding and impairment of financial instruments

    the suggested answer says that only- “The commission ($280,000) would be charged against profit or loss for the period”

    this is tad bit confusing.

    so COS=$240K
    operating expense=$280K

    Or COS=$520K

    basically i wanted to know how will the commission levied by crowdfunding platform be categorised?

    August 19, 2021 at 8:13 am #632030
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3428
    • ☆☆☆☆☆

    The point is that it would go in the P&L. I expect it would be an operating expense.

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  • The topic ‘crowdfunding example COS issues’ is closed to new replies.

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