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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 38
Cash flows from operating activities-net loss
United Continental Holdings, Inc., the parent company of United Airlines , reported a net loss of $723 million from operations. However, on its statements 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.
United Continental Holdings, Inc., the parent company of United Airlines , reported a net loss of $723 million from operations. However, on its statements 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.
Explanation
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Non-cash and non-operating incomes and e...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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