android studio common,Android Studio - Multiple android apps with common dependencies in a single pr...

I have two different android apps A and B.

A and B are modules in the same project

Both have a dependency on a library module Z which itself depends on two other library modules X and Y

A -> Z

B -> ZZ -> X, Y

Now the accepted answer to this question says that a single Android Studio project cannot have multiple apps.

Strangely I am able to build these two apps (in a single android studio project) and run them on my phone pretty well. Am I missing something obvious here ?

Can a single android studio project contain multiple apps ?

If the answer is NO, why ?

If the answer is YES, are there any catches ?