Net Cash Flow Calculation for XYZ Corporation

Easy Financial Statements Cash Flow Statement

XYZ Corporation has released its annual financial statements for the year ended December 31, 2023. In the cash flow statement, XYZ reported net cash provided by operating activities of $200,000, cash used in investing activities of $50,000, and cash used in financing activities of $30,000. Given this information, what would be the net increase or decrease in cash for XYZ Corporation during the year?

Net decrease in cash of $30,000

Net increase in cash of $120,000

Net increase in cash of $230,000

Hint

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