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, 20Y1 $29,600 $28,800 79,000 79,700 19,700 19,200 30,000 28,000 Adjust net income of $126,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. X Accounts receivable Inventory Accounts payable Dividends payable Feedback Check My Work HOME

Changes in Current Operating Assets and Liabilities-Indirect Method Covington Corporation's comparative balance sheet for current assets and llabilities was as follows: Adjust net income of $126,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. x