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If a company's total assets decreased while liabilities and common stock were unchanged, and no dividends were paid, then Multiple Choice revenues were less than

If a company's total assets decreased while liabilities and common stock were unchanged, and no dividends were paid, then

Multiple Choice

  • revenues were less than expenses.

  • the company must have purchased assets with cash.

  • cash flow from operating activities was greater than cash flow from investing activities

  • retained earnings were less than net income during the period.

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