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  3. akwesasne limited reports the following noncash tr

Akwesasne Limited reports the following noncash transactions. The company uses the indirect method: 1. 2....

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Accounting

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Akwesasne Limited reports the following noncash transactions. The company uses the indirect method: 1. 2. 3. 4. Recorded an impairment loss on goodwill. Recorded depreciation expense. Recorded an unrealized gain on a trading investment carried at fair value through profit or loss. Reduced inventory to net realizable value. Acquired land by signing a note payable to the land seller. Completed a 2-for-1 stock split. Converted an account receivable to a note receivable. Acquired equipment by issuing common shares. 5. 6. 7. 8. For each of the above transactions, explain why it does not involve cash and where it should be reported (as an operating, investing, or financing activity), if at all, on the statement of cash flows or accompanying notes. B 1 IC Tz T? I LUI 9 11 O Word(s)

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