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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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