Nevada Boot Co

question 30

Multiple Choice

Nevada Boot Co. reported net income of $216,000 for its year ended December 31, 2009. 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:

Inattentive Features

Characteristics related to a lack of attention or focus, often seen in conditions like ADHD.

Diagnosed

The identification of the nature of an illness or other problem by examination of the symptoms.

Impulsive Behavior

Actions performed without forethought or consideration of the consequences, often linked to a lack of self-control.

Constipation

A condition characterized by difficulty in evacuating the bowels, often due to hard fecal matter and infrequent bowel movements.