Consider the following:
Net cash inflows from operating activities: $450,000
Net cash outflows from investing activities: ($230,000)
Net cash inflows from financing activities: $200,000
A) The cash increase or decrease for the period cannot be determined.
B) $880,000
C) $420,000
D) $220,000
Net cash inflows from operating activities: $450,000
Net cash outflows from investing activities: ($230,000)
Net cash inflows from financing activities: $200,000
What was the net increase or decrease in cash during the period?
A) The cash increase or decrease for the period cannot be determined.
B) $880,000
C) $420,000
D) $220,000
Answer: C
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