Bridgeport Corp. reported net income of $1.60 million in 2022. Depreciation for the year was $256,000, accounts receivable decreased $560,000, and accounts payable decreased $448,000. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg (15,000).) port Bridgeport Corp. Statement of Cash Flows-Indirect Approach 12:45 PM 4/25/2020 PrtSc Insert Delete BA F6 F7 F8 F9 F10 F11 F12 Backspace Num Lock P 7 Home PgUp н к Enter Shift 3 End 00 + I| %24 * 08 ২ ७

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.