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Company X paid Company Y $1.35 million for a new plant. During the same accounting period, Company X experienced the following changes in its balance
Company X paid Company Y $1.35 million for a new plant. During the same accounting period, Company X experienced the following changes in its balance sheet: Cash decreased by $350,000, Accounts Receivable increased by $321,300, Inventory increased by $275,800, Property, Plant, and Equipment increased by $752,900, and Bonds Payable increased by $1 million. The net cash flow provided by financing activities is:
An inflow of $1.35 million.
An inflow of $752,900.
An outflow of $350,000.
An inflow of $1 million.
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