Question

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:

A) An inflow of $1.35 million.

B) An outflow of $350,000.

C) An inflow of $1 million.

D) An inflow of $752,900.

Answer

This answer is hidden. It contains 466 characters.