Discuss what is meant by that statement

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The balance sheet, income statement, and retained earnings statement do not always show the whole picture of the financial condition of a company or institution. For example, Eastman Kodak financed cash dividends of $649 million in a year in which it earned only $17 million and United Airlines purchased new planes that cost $1.9 billion in a year when they reported a net loss over $2 billion. Discuss what is meant by that statement and the examples given; how does this happen?

Reference no: EM13530489

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