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Current Attempt in Progress A flood damaged a building and contents. The receipts from insurance companies totaled $614000, which was $184200 less than the book
Current Attempt in Progress A flood damaged a building and contents. The receipts from insurance companies totaled $614000, which was $184200 less than the book values. The tax rate is 30%. On the statement of cash flows (indirect method), the flood loss should not be shown. be shown as an addition to net income of $184200. be shown as an addition to net income of $128940. be shown as an inflow from investing activities of $128940
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