In a prior year, United Continental Holdings, Inc. (UAL), the parent company of United Airlines, reported a
Question:
In a prior year, United Continental Holdings, Inc. (UAL), the parent company of United Airlines, reported a net loss of $723 million from operations. However, 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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There were net additions to the net loss reported on the income statement to convert the net loss fr...View the full answer
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Related Book For 
Forensic And Investigative Accounting
ISBN: 9780808056300
10th Edition
Authors: G. Stevenson Smith D. Larry Crumbley, Edmund D. Fenton
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