During Year 2, Chico Company Earned $3,500 of Cash Revenue

question 14

Multiple Choice

During Year 2, Chico Company earned $3,500 of cash revenue, paid $1,450 of cash expenses, and paid a $950 cash dividend to its stockholders. Based on this information alone, which of the following statements is not true?

• A) Net income amounted to $2,050.
• B) Total assets increased by $1,100.
• C) Cash inflow from operating activities was $2,050.
• D) Cash outflow from financing activities was $1,100.

---

Definitions:

Family Violence

Acts of violence or abuse among members of a family, including physical, emotional, sexual, or psychological harm, often resulting in long-term psychological and health consequences.

Instrumental Functioning

Instrumental functioning refers to the skills and activities required for daily living, often used to assess individuals’ capacity for self-care and independence.

Insulin Injections

A treatment method involving the administration of insulin via injections to manage and control blood sugar levels in individuals with diabetes.

Hypoglycemic Reactions

Adverse responses caused by a significant drop in blood sugar levels, which can include symptoms such as dizziness, sweating, and confusion.