Question: Changes in current operating assets and liabilities - indirect method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 3

Changes in current operating assets and liabilities-indirect method
Covington Corporation's comparative balance sheet for current assets and liabilities was as follows:
Dec. 31,20Y2
Dec. 31,20 Y 1
Adjust net income of \(\$ 94,500\) for changes in operating assets and liabilities to arrive at net cash flows from operating activities.
\(\$ \mathrm{x}\)
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Changes in current operating assets and

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