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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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