Company X paid Company Y $2.45 million for a new plant. During the same accounting period, Company X experienced the following changes in its balance sheet: Cash decreased by $356,000, Accounts Receivable increased by $322,400, Inventory increased by $276,900, Property, Plant, and Equipment increased by $754,000, and Bonds Payable increased by $2 million. The net cash flow provided by financing activities is:
A. An outflow of $356,000.
B. An inflow of $2.45 million.
C. An inflow of $754,000.
D. An inflow of $2 million.
Answer: D
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