Explore the FASB Codification sections regarding the statement of cash flows. Identify one concept that you did not know prior to completing this research and share it with the class, citing the code section. Identify one question that has arisen as you have explored cash flows in the codification, and post this question as well. Participate in follow-up discussion by answering your classmates’ questions as posted. All posts should be grammatically correct and proofread for spelling.

1.ASC 230 FASB Codification deals with the cash flow statement of the company. The cash flow statements examines the nature of cash inflows and cash outflows of the company originated from operating, investing and financial activities. 

2. I was not aware of the settlement of company owned life insurance policies. 

Such settlement amount received is treated under investing activities. 

3. Why settlement amount received on insurance claim is treated under insurance activities not operating activities? 

Purchasing insurance policies or getting Claim is a form of investment i.e it is treated under investing activities but the insurance premium paid of insurance policies is treated under operating activities as expense. Then I get this Please help me answer the statement from the professor.

Professor wrote back please assist: Elizabeth, explain the function on investment section of Cash flow statement.