Question: eBook Show Me How Changes in Current Operating Assets and Liabilities-Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows:

 eBook Show Me How Changes in Current Operating Assets and Liabilities-Indirect

eBook Show Me How 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 Accounts receivable $29,600 $28,700 Inventory 57,600 58,300 Accounts payable 28,900 28,300 Dividends payable 25,000 27,000 Adjust net income of $121,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Module 8 Problem Set assignment take frame

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