Cash dividend to its owners

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Reference no: EM131286253

During 2013, Chi Company earned $2,150 of cash revenue, paid $1,000 of cash expenses, and paid a $500 cash dividend to its owners. Based on this information alone:

A. cash inflow from operating activities was $1,150.

B. total assets increased by $650.

c. net income amounted to $1,150.

d. all of these are correct.

Reference no: EM131286253

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