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4. As of December 31, 2014, had Chevron paid more or less taxes over the years (since its inception) compared to what it would have

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4. As of December 31, 2014, had Chevron paid more or less taxes over the years (since its inception) compared to what it would have paid had they used a FIFO cost flow assumption? By how much? (Assume a tax rate of 40% for all years)

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