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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 inflow of $752,900.
c) An outflow of $350,000.
d) An inflow of $1 million.

Respuesta :

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Answer:

d) An inflow of $1 million.

Explanation:

Cash flow provided by financing activities is:

Particular                                 Amount

Bonds payable increased     1,000,000

Net Cash flow                       $1,000,000

Bonds payable increased $1,000,000 is the only financing activity among all the given activities which increased flow of cash to the company by $1 million.

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