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Nevada Boot Co. reported net income of $216,000 for its year ending December 31, 2020. Purchases totaled $152,000. Accounts payable balances at the beginning and
Nevada Boot Co. reported net income of $216,000 for its year ending December 31, 2020. Purchases totaled $152,000. Accounts payable balances at the beginning and end of the year were $36,000 and $33,000, respectively. Beginning and ending inventory balances were $44,000 and $46,000, respectively. Assuming that all relevant information has been presented, Nevada Boot would report operating cash flows of
Question 20 options:
A)
$151,000.
B)
$211,000.
C)
$155,000.
D)
$221,000.
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