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Question 17 A flood damaged a building and contents. The receipts from insurance companies totaled $614000, which was $185000 less than the book values. The
Question 17 A flood damaged a building and contents. The receipts from insurance companies totaled $614000, which was $185000 less than the book values. The tax rate is 25%. On the statement of cash flows (indirect method), the receipts from insurance companies should O be shown as an addition to net income of $429000. O be shown as an inflow from investing activities of $429000. O be shown as an inflow from investing activities of $614000. not be shown
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