Please answer all parts!

Access the financial statements of Air Canada for the year ended December 31, 2020, from SEDAR (www.sedar.com) or the companys website.

Instructions: Review the financial statements and the companys note disclosures related to any new accounting standards implemented or not yet adopted, changes in significant accounting policies, and critical accounting estimates and judgements.

A. Identify any new or revised accounting standard(s) that were implemented, or areas where implementation is planned by Air Canada according to its 2020 financial statements. How are (or were) the changes accounted for, and what is (or was) the effect of the changes on the financial statements? B. What judgements and accounting estimates were critical to the financial position and operating results reported by the company for its 2020 year? Comment briefly on whether you think the reported numbers could be materially different. C. In Note 1, Air Canada discloses and discusses the impact of the COVID-19 global pandemic. Based on this note and your understanding of the issue, how does the pandemic affect the accounting of Air Canadas financial results?