Hill Company reported net income of $10,000 for 2010.Additional 2010 information is as follows:
$$\begin{array} { l r }
\text { Expenditures for productive assets } & \$ 6,000 \
\text { Depreciation expense on productive assets } & 2,000 \
\text { Dividends paid on common stock } & 900 \
\text { Increase in accounts payable } & 400 \
\text { Decrease in inventory } & 200 \
\text { Amortization of patent } & 100 \
\text { Decrease in accounts receivable } & 300
\end{array}$$ Calculate cash flows from operating activities.

Question

Hill Company reported net income of $10,000 for 2010.Additional 2010 information is as follows:
 $$\begin{array} { l r } 
\text { Expenditures for productive assets } & \$ 6,000 \
\text { Depreciation expense on productive assets } & 2,000 \
\text { Dividends paid on common stock } & 900 \
\text { Increase in accounts payable } & 400 \
\text { Decrease in inventory } & 200 \
\text { Amortization of patent } & 100 \
\text { Decrease in accounts receivable } & 300
\end{array}$$ Calculate cash flows from operating activities.

Quizplus · Accepted Answer

The Answer of Hill Company reported net income of $10,000 for 2010.Additional 2010 information is as follows:
 $$\begin{array} { l r } 
\text { Expenditures for productive assets } & \$ 6,000 \
\text { Depreciation expense on productive assets } & 2,000 \
\text { Dividends paid on common stock } & 900 \
\text { Increase in accounts payable } & 400 \
\text { Decrease in inventory } & 200 \
\text { Amortization of patent } & 100 \
\text { Decrease in accounts receivable } & 300
\end{array}$$ Calculate cash flows from operating activities.

Hill Company Reported Net Income of $10,000 for 2010 Calculate Cash Flows from Operating Activities