Find out cash payments to suppliers P12-4 (Algo) (Supplement A) Comparing Cash Flows from...
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P12-4 (Algo) (Supplement A) Comparing Cash Flows from Operating Activities (Direct and Indirect Methods) Omega Company's accountants have just completed the income statement and balance sheet for the year and have provided the following information (dollars in thousands): $ 20,630 INCOME STATEMENT Sales revenue Expenses Cost of goods sold $ Depreciation expense Salaries expense Rent expense Insurance expense Utilities expense Interest expense on bonds Loss on sale of investments Net loss 9,150 3,050 4,120 3,000 1,030 760 720 830 22,660 $ (2,030) SELECTED BALANCE SHEET ACCOUNTS Current Year Merchandise inventory $ 96 Accounts receivable 459 Accounts payable 254 Salaries payable Rent payable Prepaid rent Prepaid insurance Prior Year $ 70 532 226 Other Data: The company issued $18,000, 8 percent bonds payable at par during the year
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Find out cash payments to suppliers