On its income statement for a recent year, Continental Airlines, Inc. reported a net loss of $68
Question:
On its income statement for a recent year, Continental Airlines, Inc. reported a net loss of $68 million from operations. On its statement of cash flows, it reported $457 million of cash flows from operating activities.
Explain this apparent contradiction between the loss and the positive cash flows.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
There were net additions such as depreciation and amortization of intangible assets of 389 million t...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Question Posted:
Students also viewed these Accounting questions
-
On its income statement for a recent year, Time Warner reported a net loss of $4.9 billion from operations. On its statement of cash flows, it reported $5.3 billion of cash flows from operating...
-
On its income statement for a recent year, United Continental Holdings, Inc., the parent company of United Airlines, reported a net loss of $723 million from operations. On its statement of cash...
-
On its income statement for a recent year, American Airlines Group, Inc., the parent company of American Airlines, reported a net loss of $1,834 million from operations. On its statement of cash...
-
Alderon Industries manufactures chemicals for various purposes. One process that Alderon uses produces SPL-3, a chemical used in swimming pools; PST-4, a chemical used in pesticides; and RJ-5, a...
-
This exercise uses the FlyFast Airways data from Starter 10-6. FlyFast is comparing the CCA method used for income tax purposes with the straight-line amortization method. 1. Calculate the amount of...
-
Froma KRC Research poll in which respondents were asked if they felt vulnerable to identify theft: n = 1002, x = 531 who said yes. Use a 95% confidence level. Use the given sample data and confidence...
-
Material mix and yield variance with shrinkage The Mercantile Solvents Company makes X-Myer-K, a powerful rust remover. The standard material mix calls for 80 gallons of XZ-Ote at $1.25 per gallon...
-
The board of directors of Delta Health Spa authorizes the issuance of $600,000 of 5%, 10-year bonds payable. The semiannual interest dates are May 31 and November 30. The bonds are issued on July 31,...
-
Suppose ABC is a right triangle with sides a, b, and c and right angle at C. Find the unknown side length using the Pythagorean theorem and then find the values of the six trigonometric functions for...
-
Using the GLOBE study results and other supporting data, determine what Japanese managers believe about their subordinates. How are these beliefs similar to those of U.S. and European managers? How...
-
In a recent annual report, eBay Inc. reported that during the year it issued stock of $128 million for acquisitions. How would this be reported on the statement of cash flows?
-
The net income reported on the income statement for the current year was $210,000. Depreciation recorded on equipment and a building amounted to $62,500 for the year. Balances of the current asset...
-
Given the following table: Type of Security Interest Rate 5-Year Treasury note .......................................5% 5-Year Corporate Bond (High quality) ............6% 5-Year Corporate Bond (Low...
-
-Identify three external and three internal risks in a Large 500 room hotel situated in Sydney -You are working as a Manager in a 200 seat restaurant at Circular Quay. Discuss how you would Manage...
-
.What would you consider to be acceptable risks within your community? How did you determine the acceptable risks within your community?
-
NH CableSource purchased a depreciable asset on January 1, 2013 at a cost of $500,000. The asset is expected to have a salvage value of $75,000 at the end of its five-year useful life.The asset will...
-
A corporation plans on building a maximum of 11 new stores in a city. They will build these stores in one of three sizes for each location - a convenience store (open 24 hours), standard store, and...
-
Cost of Production Report Soapy Soap Company produces bath soap in a two step process. A base fragrance is created by mixing several chemicals in the Blending Dept. The liquid output of the Blending...
-
Identify each of the following accounts as: Asset (A), Liability (L), or Ow Equity (OE). a. Accounts Payable b. Cash c. M. Abbas, Capital d. Accounts Receivable e. Rent Expense f. Service Revenue g....
-
The electric field due to a line charge is given by where l is a constant. Show that E is solenoidal. Show that it is also conservative. E =
-
Which of the following statements is correct? a. The JPA query language (JPQL) supports more complex queries than SQL. b. JPQL queries can differ depending on the underlying DBMS used. c. One big...
-
Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost Star Company uses a periodic inventory system. At the end of the annual accounting period, December 31, 2012,...
-
Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31,...
-
Analyzing and Interpreting the Financial Statement Effects of LIFO and FIFO Element Company uses a periodic inventory system. At the end of the annual accounting period, December 31, 2012, the...
-
ABC Corporation's balance sheet on December 31, 2023, is as follows: Item Amount ($) Accounts Payable 1,660,000 Notes Payable 1,640,000 Accrued Expenses 1,520,000 Total Current Liabilities ?...
-
Transfer Pricing at Intel Intel is determining its transfer pricing policy. Values: Item Amount Production Cost $70 per unit Profit Margin 25% Requirements: Determine the minimum transfer price....
-
Calculate the expected costs when production is 5 , 4 0 0 units. ( Round per unit calculations to 2 decimal places, e . g . 1 5 . 2 6 and final answer to the nearest whole dollar, e . g . 5 , 2 7 5 ....
Study smarter with the SolutionInn App