The program begins with a conditional statement if (x==0) ||( y==0)...therefore it gives rise to 2 paths
Lets take a dry run...
lets say a) x=1,y=0; b) x=0 & y=0; c) x=0,y=1; d) x=1,y=1
condition a returns true
condition b returns true
condition c returns true
condition d returns false
Therefore there are actually 2 possibilities hence 2 paths two individual paths for the code..There cannot be any other possibility..
Also if we do a flowchart E=2; N=2 and cyclomatic complexity E-N+2=2
If I am wrong please enlighten me abhi_dendrite