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A fire damaged Francisco Corp.'s office building. The company received $600,000 as a settlement from their insurance company, which was $180,000 less than the book
A fire damaged Francisco Corp.'s office building. The company received $600,000 as a settlement from their insurance company, which was $180,000 less than the book value of the building. Their income tax rate is 25%. On the statement of cash flows (indirect method), the receipt from the insurance company should be shown as an addition to net income of O 1) $420,000. be shown as an inflow from investing activities of $420,000. 2) 3) be shown as an inflow from investing activities of $600,000. 4) be shown as an inflow from investing activities of $450,000. mint
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