Question: eBook Show Me How Print Item Changes in Current Operating Assets and Liabilities Covington Corporation's comparative balance sheet for current assets and liabilities was

eBook Show Me How Print Item Changes in Current Operating Assets and Liabilities Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable. $29,000 $23,800 Inventory 50,700 57,000 Accounts payable 10,000 11,800 Dividends payable 15,000 16,000 Adjust net income of $73,400 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.

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