Question: On its income statement for a recent year Continental Airlines

On its income statement for a recent year, Continental Airlines, Inc., reported a net loss of $471 million from operations. On its statement of cash flows, it reported $1,241 million of cash flows from operating activities.
Explain this apparent contradiction between the loss and the positive cash flows.


View Solution:


Sale on SolutionInn
Sales3
Views343
Comments
  • CreatedFebruary 28, 2014
  • Files Included
Post your question
5000