Question

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):
Other Data:


The company issued $30,000, 8 percent honds payable at par during the year.

Required: 1. Prepare the cash flows from operating activities section of the statement of cash flows using the direct method.
2. Prepare the cash flows from operating activities section of the statement of cash flows using the indirectmethod.


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  • CreatedJuly 01, 2014
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