Bridgeport Corporation's statement of financial position as at December 31, 2023, showed the following amounts: Cash $180; Accounts Receivable $630; Land $1,030; Accounts Payable $420; Bonds Payable $490; Common Shares $400; and Retained Earnings $530. Bridgeport's statement of financial position as at December 31, 2022, showed the following amounts: Cash $190; Accounts Receivable $520; Land $670; Accounts Payable $690; Common Shares $400; and Retained Earnings $290. Assume that no dividends were declared or paid in 2023. Calculate the net cash provided (used) by operating activities for the year ended December 31, 2023, 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).) Net cash operating activities $
Bridgeport Corporation's statement of financial position as at December 31, 2023, showed the following amounts: Cash $180; Accounts Receivable $630; Land $1,030; Accounts Payable $420; Bonds Payable $490; Common Shares $400; and Retained Earnings $530. Bridgeport's statement of financial position as at December 31, 2022, showed the following amounts: Cash $190; Accounts Receivable $520; Land $670; Accounts Payable $690; Common Shares $400; and Retained Earnings $290. Assume that no dividends were declared or paid in 2023. Calculate the net cash provided (used) by operating activities for the year ended December 31, 2023, 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).) Net cash operating activities $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Bridgeport Corporation's statement of financial position as at December 31, 2023, showed the following amounts: Cash $180;
Accounts Receivable $630; Land $1,030; Accounts Payable $420; Bonds Payable $490; Common Shares $400; and Retained Earnings
$530. Bridgeport's statement of financial position as at December 31, 2022, showed the following amounts: Cash $190; Accounts
Receivable $520; Land $670; Accounts Payable $690; Common Shares $400; and Retained Earnings $290. Assume that no dividends
were declared or paid in 2023.
Calculate the net cash provided (used) by operating activities for the year ended December 31, 2023, 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).)
Net cash
operating activities
$
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