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Prepare a statement of cash flows using the direct method for Chevron Corporation for the year ended December 31, 20XX, using the following information: Cash
Prepare a statement of cash flows using the direct method for Chevron Corporation for the year ended December 31, 20XX, using the following information:
- Cash received from customers: $1,000,000
- Cash paid to suppliers: $400,000
- Cash paid for operating expenses: $200,000
- Interest paid: $50,000
- Income taxes paid: $100,000
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