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Question - 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, what the operating cash flows Nevada Boot would report?
Not-for-profit organization formed on January
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