Homework Answers
Option (a) is true because Assets increased by Cash($3200 - $1350 - $850)
=$1000
Option (c) is true because Net Income = Cash Revenue - Cash Expenses = $3200 - $1350 =$1850.
Option (d) is true because Cash inflow from operating activities are Cash revenue - Cash Expenses= $3200 - $1350
= $1850. (Cash dividend paid is a financing activity.)
So the option which is not true is option (b) ( Cash inflow from operating activities was $1,000.)
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