Question: The items listed below were found on the 2011 statement of cash flows of Chevron Corporation, a company engaged in the exploration, production, refining, and

The items listed below were found on the 2011 statement of cash flows of Chevron Corporation, a company engaged in the exploration, production, refining, and of petroleum products. For each item, indicate which section of the statement should contain the item—the operating, investing, or financing section. Does Chevron use the direct or indirect method for reporting cash flows from operating activities?
a. Capital expenditures
b. Proceeds from issuances of long-term debt
c. Net income
d. Net (increase) decrease in operating working capital
e. Cash dividends—common stock
f. Acquisition of Atlas Energy
g. Proceeds from asset sales
h. Net borrowings (payments) of short-term obligations
i. Depreciation, depletion, and amortization
j. Repayments of long-term debt and other financing obligations

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