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Calculate the net cash provided by operating activities

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Grouper Corporation's statement of financial position as at December 31, 2020, showed the following amounts: Cash $140; Accounts Receivable $610; Land $970; Accounts Payable $330; Bonds Payable $460; Common Shares $400; and Retained Earnings $Unresolved. Grouper's statement of financial position as at December 31, 2019, showed the following amounts: Cash $150; Accounts Receivable $530; Land $580; Accounts Payable $650; Common Shares $400; and Retained Earnings $Unresolved. Assume that no dividends were declared or paid in 2020.

Question 1: Calculate the net cash provided (used) by operating activities for the year ended December 31, 2020, 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).)

Reference no: EM132680286

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