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Company X paid Company Y $2.75 million for a new plant. During the same accounting period, Company X experienced the following changes in balance
Company X paid Company Y $2.75 million for a new plant. During the same accounting period, Company X experienced the following changes in balance sheet: Cash decreased by $357,500, Accounts Receivable increased by $322,700, Inventory increased by $277,200, Property, Plant, and Equipment increased by $754,300, and Bonds Payable increased by $2 million. The net cash flow provided by financing activities is: Multiple Choice An outflow of $357,500. An inflow of $754,300. An inflow of $2.75 million. An inflow of $2 million.
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