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Fortune Corporation's comparative balance sheet showed noncash current assets and liabilities as folliows: Adjust Year 2 net income of $57,402 for changes in current operating

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Fortune Corporation's comparative balance sheet showed noncash current assets and liabilities as folliows: Adjust Year 2 net income of $57,402 for changes in current operating assets and liabilities to arrive at net cash flows from operating activities using the indirect method. 1

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