Cash flows from operating activitiesnet loss OBJ. 1 On its income statement for a recent year, United
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Cash flows from operating activities—net loss OBJ. 1 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 flows, it reported $935 million of cash flows from operating activities.
Explain this apparent contradiction between the loss and the positive cash flows.
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Related Book For
Financial And Managerial Accounting
ISBN: 9781305267831,9781305267848
13th Edition
Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac
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