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During Year 2, Chico Company earned $3,350 of cash revenue, paid $1,400 of cash expenses, and paid a $900 cash dividend to its owners. Based
During Year 2, Chico Company earned $3,350 of cash revenue, paid $1,400 of cash expenses, and paid a $900 cash dividend to its owners. Based on this information alone, which of the following statements is not true? Multiple Choice Total assets increased by $1,050 Cash outflow from financing activities was $1,050 Net income amounted to $1,950 Cash inflow from operating activities was $1,950
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