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What is the net cash used in investing activities

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Reference no: EM133116219

Question - Omega Company provided the following data for the current year:

Purchase of real estate for cash 5,500,000

Cash was borrowed from bank to purchase real estate 5,500,000

Sale of investment securities for cash 5,000,000

Dividend paid 6,000,000

Issuance of ordinary shares for cash 2,500,000

Purchase of patent for cash 1,250,000

Payment of bank loan 1,500,000

Increase in customers' deposit 200,000

Issuance of bonds payable for cash 3,000,000

Required -

1. What is the net cash provided by financing activities?

2. What is the net cash used in investing activities?

Reference no: EM133116219

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