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During Year 2, Chico Company earned $1,550 of cash revenue, paid $800 of cash expenses, and paid a $300 cash dividend to its owners. Based

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During Year 2, Chico Company earned $1,550 of cash revenue, paid $800 of cash expenses, and paid a $300 cash dividend to its owners. Based on this information alone, which of the following statements is not true? Multiple Choice Net Income amounted to $750 Total assets increased by $450 Cash inflow from operating activities was $750 Cash outflow from financing activities was $450

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