Question - Panoramic Inc. had a beginning balance of $3,200 in its Accounts Receivable account. The ending balance of Accounts Receivable was $3,600. During the period, Panoramic recognized $50,000 of revenue on account. Panoramic's Salaries Payable account has a beginning balance of $2,300 and an ending balance of $900. During the period, the company recognized $39,500 of accrued salaries expense.
What is Net income?
What is Net cash flow from operating activities?