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Business, 03.12.2020 17:20 xocamiryn6584

A flood damaged a building and contents. Floods are unusual and infrequent in this area. The receipts from insurance companies totaled $500,000, which was $150,000 less than the book values. The tax rate is 30%. On the statement of cash flows (indirect method), the receipts from insurance companies should

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A flood damaged a building and contents. Floods are unusual and infrequent in this area. The receipt...
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