On its income statement for a recent year, American Airlines Group, Inc., the parent company of American

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On its income statement for a recent year, American Airlines Group, Inc., the parent company of American Airlines, reported a net loss of $1,834 million from operations. On its statement of cash flows, it reported $675 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: 978-1337899451

27th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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