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Additional information: 1. 2. 3. Investments in land were sold at a gain during 2020. Equipment costing $57,900 was sold for $17.490, resulting in a
Additional information: 1. 2. 3. Investments in land were sold at a gain during 2020. Equipment costing $57,900 was sold for $17.490, resulting in a gain. Common shares were issued in exchange for some equipment during the ycar. No other shares were issued. The remaining purchases of equipment were paid for in cash. 4 Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either a - signeg.-15,000 or in parenthesis eg. (15,000). BRIDGEPORT ROAD INC. Statement of Cash Flows - Indirect Method $ Adjustments to reconcile net income to net cash provided by operating activities
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