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Company X paid Company Y $2.65 million for a new plant. During the same accounting period, Company X experienced the following changes in its balance
Company X paid Company Y $2.65 million for a new plant. During the same accounting period, Company X experienced the following changes in its balance sheet: Cash decreased by $357,000, Accounts Receivable increased by $322,600, Inventory Increased by $277,100, Property, Plant, and Equipment increased by $754,200, and Bonds Payable increased by $2 million. The net cash flow provided by financing activities is: Multiple Choice An inflow of $754,200. An outflow of $357,000. An inflow of $2 million. An inflow of $2.65 million
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