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Bridgeport Corporation reported net income of $47,000 in 2020. Depreciation expense was $17.900 and unrealized losses on FV-NI investments were $4,500. The following accounts changed as indicated in 2020: Accounts Receivable Bond Investment at Amortized Cost Deferred Tax Assets Inventory Notes Payable (non-trade) Accounts Payable $10,800 18,800 Net cash 3,100 7,400 15,500 9,600 Calculate the net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a- sign e.g.-15,000 or in parenthesis eg. (15,000).) increase increase decrease increase decrease increase operating activities $

Bridgeport Corporation reported net income of $47,000 in 2020. Depreciation expense was $17.900 and unrealized losses on FV-NI investments were $4,500. The following accounts changed as indicated in 2020: Accounts Receivable Bond Investment at Amortized Cost Deferred Tax Assets Inventory Notes Payable (non-trade) Accounts Payable $10,800 18,800 Net cash 3,100 7,400 15,500 9,600 Calculate the net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a- sign e.g.-15,000 or in parenthesis eg. (15,000).) increase increase decrease increase decrease increase operating activities $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Bridgeport Corporation reported net income of $47,000 in 2020. Depreciation expense was $17,900 and unrealized losses on FV-NI investments were $4,500. The following accounts changed as indicated in 2020: Accounts Receivable Bond Investment at Amortized Cost Deferred Tax Assets Inventory Notes Payable (non-trade) Accounts Payable $10,800 Net cash 18,800 3,100 7,400 15,500 9,600 increase increase operating activities $ decrease increase decrease Calculate the net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a- sign e.g. -15,000 or in parenthesis e.g. (15,000).) increase
Transcribed Image Text:Bridgeport Corporation reported net income of $47,000 in 2020. Depreciation expense was $17,900 and unrealized losses on FV-NI investments were $4,500. The following accounts changed as indicated in 2020: Accounts Receivable Bond Investment at Amortized Cost Deferred Tax Assets Inventory Notes Payable (non-trade) Accounts Payable $10,800 Net cash 18,800 3,100 7,400 15,500 9,600 increase increase operating activities $ decrease increase decrease Calculate the net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a- sign e.g. -15,000 or in parenthesis e.g. (15,000).) increase
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