Question: Please answer the above question ENTIRELY and CLEARLY indicate what the answer is. Thank you! Company X paid Company Y $3.25 million for a new
Please answer the above question ENTIRELY and CLEARLY indicate what the answer is. Thank you!
Company X paid Company Y $3.25 million for a new plant. During the same accounting period, Company X experienced the following changes in its balance sheet: Cash decreased by $360,000, Accounts Receivable increased by $323, 200, Inventory increased by $277700, Property, Plant, and Equipment increased by $754, 800, and Bonds Payable increased by $3 million. The net cash flow provided by financing activities is An inflow of $3.25 million. An outflow of $360,000 An inflow of $754, 800. An inflow of$3 million
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