Hill Company reported net income of $10,000 for 2010. Additional 2010 information is as follows:

Expenditures for productive assets	$6000
Depreciation expense on productive assets	2000
Dividends paid on common stock	900
Increase in accounts payable	400
Decrease in inventory	200
Amortization of patent	100
Decrease in accounts receivable	300

Calculate the cash flows from operating activities.

Answer rating: 100% (QA)

To calculate the cash flows from operating activities using the indirect method we start with the ne... View the full answer