Homework Answers
D) cash outflow from financing activity is $450
Above statement is incorrect. Divided is a cash outflow for financing activity of the business. Cash dividend pais is $300, so cash outflow from financing activity will be $300
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During Year 2, Chico Company earned $3,050 of cash revenue, pald $1,300 of cash expenses, and paid a $800 cash dividend to its owners. Based on this information alone, which of the following statements is not true? Multiple Choice Net Income amounted to $1,750 Total assets increased by $950 Cash Inflow from operating activities was $1,750 Cash outflow from financing activities was $950
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