On its income statement for a recent year twin cities, Financial Accounting

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On its income statement for a recent year twin cities

On its income statement for a recent year, Twin Cities Airlines, Inc. reported a net loss of $68 million from operations. On its statement of cash flows, it reported $457 million of cash flows from operating activities. Explain this apparent contradiction between the loss and the positive cash flows.

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Financial Accounting: On its income statement for a recent year twin cities

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