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Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31,...

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Accounting

Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $22,800 $22,600 Inventory 57,800 58,500 Accounts payable 10,400 9,600 Dividends payable 17,000 18,000

Adjust net income of $79,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $fill in the blank 1

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