Cash flows from operating-net loss On its income statement for a recent year, continental Airlines, Inc., reported a net loss of $471 million from operations. On its statement of flow, it reported $1,241 million of cash flows from operating activities. Explain this apparent contradiction between the loss and the positive cash flows.
Cash flows from operating-net loss On its income statement for a recent year, continental Airlines, Inc., reported a net loss of $471 million from operations. On its statement of flow, it reported $1,241 million of cash flows from operating activities. Explain this apparent contradiction between the loss and the positive cash flows.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 1E
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Cash flows from operating-net loss
On its income statement for a recent year, continental Airlines, Inc., reported a net loss of $471 million from operations. On its statement of flow, it reported $1,241 million of cash flows from operating activities.
Explain this apparent contradiction between the loss and the positive cash flows.
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