Multiple Choice
During 2013, Chi Company earned $950 of cash revenue, paid $600 of cash expenses, and paid a $100 cash dividend to its owners. Based on this information alone,
A) net income amounted to $350.
B) total assets increased by $250.
C) cash inflow from operating activities was $350.
D) all of these are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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