During 2013, Chi Company earned $1,550 of cash revenue, paid $800 of cash expenses, and...
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Accounting
During 2013, Chi 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,
a. all of these are correct.
b. total assets increased by $450.
c. cash inflow from operating activities was $750.
d. net income amounted to $750.
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