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  3. during year 2, chico company earned $1,950 of cash

During Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses,...

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Accounting

During Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses, and paid a $150 cash dividend to its stockholders. Based on this information alone, which of the following statements is not true?

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