. What is the net cash provided by financing activities? b. What is the net cash used in investing activities

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
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Chapter14: Statement Of Cash Flows
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Problem 38E: Tidwell Company experienced the following during 20X1: a. Sold preferred stock for 480,000. b....
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a. What is the net cash provided by financing activities?
b. What is the net cash used in investing activities?

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
Purchase of patent for cash
2,500,000
1,250,000
1,500,000
Payment of bank loan
Increase in customers' deposit
200,000
Issuance of bonds payable for cash
3,000,000
Transcribed Image Text: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 Purchase of patent for cash 2,500,000 1,250,000 1,500,000 Payment of bank loan Increase in customers' deposit 200,000 Issuance of bonds payable for cash 3,000,000
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