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During 2013, Chi Company earned $2,150 of cash revenue, paid $1,000 of cash expenses, and paid a $500 cash dividend to its owners. Based on
During 2013, Chi Company earned $2,150 of cash revenue, paid $1,000 of cash expenses, and paid a $500 cash dividend to its owners. Based on this information alone: |
A. cash inflow from operating activities was $1,150.
B. total assets increased by $650.
c. net income amounted to $1,150.
d. all of these are correct.
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