Pam Pet Foods Co. reported net income of $52,000 for the year ended December 31, 2005. January 1 balances in accounts receivable and accounts payable were $30,000 and $28,000, respectively. Year-end balances in these accounts were $27,000 and $31,000, respectively. Assuming that all relevant information has been presented, Pam's cash flows from operating activities would be__.

Pam Pet Foods Co. reported net income of $52,000 for the year ended December 31, 2005. January 1 balances in accounts receivable and accounts payable were $30,000 and $28,000, respectively. Year-end balances in these accounts were $27,000 and $31,000, respectively. Assuming that all relevant information has been presented, Pam's cash flows from operating activities would be__.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12A: The Statement Of Cash Flows

Section: Chapter Questions

Problem 1P: Mahoney Company has the following financial statements for 2017 and 2018. Assume that the purchase...

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