Question
During Year 2, Chico Company earned $1,250 of cash revenue, paid $700 of cash expenses, and paid a $200 cash dividend to its owners. Based
During Year 2, Chico Company earned $1,250 of cash revenue, paid $700 of cash expenses, and paid a $200 cash dividend to its owners. Based on this information alone, which of the following statements isnottrue?
Total assets increased by $350.
Cash outflow from investing activities was $200.
Cash inflow from operating activities was $550.
Net income amounted to $550.
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IIA Certified Internal Auditor Part 3 Business Analysis And Information Technology Questions And Dumps Exam Prep Questions For IIA CIA Latest Version
Authors: Certify Mart
1st Edition
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