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11 1 pts 11. A flood damaged a building and contents. The receipts from insurance companies totaled $600,000, which was $180,000 less than the book
11 1 pts 11. A flood damaged a building and contents. The receipts from insurance companies totaled $600,000, which was $180,000 less than the book values. The tax rate is 30%. On the statement of cash flows (indirect method), the receipts from insurance companies should Oa. be shown as an addition to net income of $420,000. O b. be shown as an inflow from investing activities of $420,000. O c. be shown as an inflow from investing activities of $600,000 O d. not be shown
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