Hill Company Reported Net Income of $10,000 for the Year

question 37

Essay

Hill Company reported net income of $10,000 for the year ended December 31, 2016. Additional 2016 information is as follows: Required:
Prepare the operating activities section of the statement of cash flows using the indirect method for the year ended December 31, 2016.

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Definitions:

Polycaprolactone

A biodegradable polymer with the chemical formula (C6H10O2)n used in making polyurethane, adhesives, and biomedical devices.

Biodegradable Polymer

A type of polymer that can be broken down by microorganisms into water, carbon dioxide (or methane), and biomass, within a reasonably short period of time.

Lactone Monomer

A singular molecular unit that can form polymers and contains a lactone ring, a cyclic ester.

Compound Name

The unique, standardized nomenclature associated with a chemical substance that describes its structure or formula.