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Company X paid Company Y $1.95 million for a new plant. During the same accounting period, Company X experienced the following changes in its balance
Company X paid Company Y $1.95 million for a new plant. During the same accounting period, Company X experienced the following changes in its balance sheet: Cash decreased by $353,500, Accounts Receivable increased by $321,900, Inventory increased by $276,400, Property, Plant, and Equipment increased by $753,500, and Bonds Payable increased by $2 million. The net cash flow provided by financing activities is:
a)An outflow of $353,500.
b)An inflow of $753,500.
c)An inflow of $2 million.
d)An inflow of $1.95 million.
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