Nevada Boot Co

question 6

Multiple Choice

Nevada Boot Co.reported net income of $216,000 for its year ended December 31,2016.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:

• A)$155,000.
• B)$221,000.
• C)$211,000.
• D)$151,000.

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Definitions:

Marketing Research

Marketing Research involves gathering, analyzing, and interpreting information to aid in making informed marketing decisions.

Bookkeeping Service

Involves the recording of financial transactions and is part of the process of accounting in business, ensuring accurate financial records are kept.

Marketing Research Process

An organized series of steps taken to gather and analyze information to help in marketing decision-making.

Secondary Data

Information that has been previously collected and published by others, used for research or analysis.