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Prepare a statement of cash flows for DEF Corporation using the direct method. Use the following information: Cash received from customers: $300,000 Cash paid to
Prepare a statement of cash flows for DEF Corporation using the direct method. Use the following information:
- Cash received from customers: $300,000
- Cash paid to suppliers: $150,000
- Cash paid for operating expenses: $50,000
- Interest received: $10,000
- Income taxes paid: $20,000
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