Presented below are the December 31 financial statements for Phillips Corporation (in $ Millions).

Cash dividends of $60,750 were paid to shareholders during Year 2.
Prepare a statement of cash flows using the direct method.

Question

Presented below are the December 31 financial statements for Phillips Corporation (in $ Millions).

Cash dividends of $60,750 were paid to shareholders during Year 2.
Prepare a statement of cash flows using the direct method.

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The Answer of Presented below are the December 31 financial statements for Phillips Corporation (in $ Millions).

Cash dividends of $60,750 were paid to shareholders during Year 2.
Prepare a statement of cash flows using the direct method.

Presented Below Are the December 31 Financial Statements for Phillips