In 2020, American Airlines Group Inc., a publicly owned company, reported operating cash flows of negative $6.5
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In 2020, American Airlines Group Inc., a publicly owned company, reported operating cash flows of negative $6.5 billion, and desperately needed additional capital for the company to continue operating. What factors prevented American Airlines from simply providing potential lenders with misleading financial statements to make the company look like a risk-free investment?
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Several factors prevent a large publicly owned corporation such as American Airlines from issuing mi...View the full answer
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Related Book For 
Financial And Managerial Accounting The Basis For Business Decisions
ISBN: 9781264445240
20th Edition
Authors: Jan Williams, Susan Haka, Mark Bettner
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