How it is going to affect financial reporting


Problem

Air Canada last week announced an order of 30 electric planes from Heart Aerospace. The planes are expected to start service in 2028 after building and testing gets completed. The Canadian airline has also acquired a $ 5 million equity stake in the Swedish sustainable aviation company.

How it is going to affect financial reporting, corporate governance, assurance considerations?

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Financial Accounting: How it is going to affect financial reporting
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