During Year 2,Chico Company Earned $1,950 of Cash Revenue,paid $1,600

question 66

Multiple Choice

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 owners.Based on this information alone,which of the following statements is not true?

• A)Net income amounted to $350.
• B)Total assets increased by $200.
• C)Cash inflow from operating activities was $350.
• D)Cash inflow from operating activities was $200.

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