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Changes in Current Operating Assets and Liabilities-Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Adjust net income of

image text in transcribed Changes in Current Operating Assets and Liabilities-Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Adjust net income of $121,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $

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