On its income statement for a recent year, Tesla, Inc., reported a net loss of $1,063 million

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On its income statement for a recent year, Tesla, Inc., reported a net loss of $1,063 million from operations. On its statement of cash flows, it reported $2,098 million of cash flows from operating activities. Explain this apparent contradiction between the loss and the positive cash flows.

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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