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During 2016, Chico Company earned $3, 950 of cash revenue, paid $1, 600 of cash expenses, and paid a $1, 100 cash dividend to its
During 2016, Chico Company earned $3, 950 of cash revenue, paid $1, 600 of cash expenses, and paid a $1, 100 cash dividend to its owners. Based on this information alone, which of the following is not correct? Net income amounted to $2, 350. Total assets increased by $1, 250. Cash inflow from operating activities was $2, 350. Cash inflow from operating activities was $1, 250
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