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6 1 pts 6. A flood damaged a building and contents. The receipts from insurance companies totaled $600,000, which was $180,000 less than the book
6 1 pts 6. 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 flood loss should Oa, be shown as an addition to net income of $126,000. O b. be shown as an addition to net income of $180,000. O c. be shown as an inflow from investing activities of $126,000. O d. not be shown
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