Nevada Boot Co

question 137

Multiple Choice

Nevada Boot Co.reported net income of $205,000 Beginning and ending Inventory balances were $40,000 and $45,000,respectively.Accounts Payable balances at the beginning and end of the year were $35,000 and $33,000,respectively.Assuming that all relevant information has been presented,Nevada Boot would report operating cash flows of:

• A)$202,000.
• B)$198,000.
• C)$212,000.
• D)$205,000.

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