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Company X paid Company Y $2.15 million for a new plant. During the same accounting period. Company X experienced the following changes in its balance
Company X paid Company Y $2.15 million for a new plant. During the same accounting period. Company X experienced the following changes in its balance sheet: Cash decreased by $354, 500, Accounts Receivable increased by $322, 100, Inventory increased by $276, 600, Property, Plant, and Equipment increased by $753, 700, and Bonds Payable increased by $2 million. The net cash flow provided by financing activities is: An outflow of $354, 500. An inflow of $2.15 million. An inflow of $753, 700. An inflow of $2 million
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