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During Year 2, Chico Company earned $1,100 of cash revenue, paid $650 of cash expenses, and paid a $150 cash dividend to its owners. Based
During Year 2, Chico Company earned $1,100 of cash revenue, paid $650 of cash expenses, and paid a $150 cash dividend to its owners. Based on this information alone, which of the following statements is not true? Multiple Choice Cash inflow from operating activities was $450 Cash outflow from financing activities was $300 Net income amounted to $450 Total assets increased by $300
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