Question: What does it mean when a transaction is non-cash? If it's non-cash, why do we even care about it? A gain or loss on sale

  1. What does it mean when a transaction is non-cash? If it's non-cash, why do we even care about it?
  2. A gain or loss on sale causes two adjustments to the cash flow statement. Describe both of them?
  3. We saw someone doing a great job of "trading up". How does that relate to the study of finance?
  4. What's wrong with using a percent of sales to figure out how much of your accounts receivable might not be collected?

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