Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. after the retirement of an officer, the insurance

After the retirement of an officer, the insurance policy was canceled, and a cash settlement...

50.1K

Verified Solution

Question

Accounting

After the retirement of an officer, the insurance policy was canceled, and a cash settlement was received by the firm. These proceeds were in excess of the book value of the policy. Indicate the section and the effect that would be reported. The company uses indirect methods for preparing the cash flow statement.

A: Cash Flow from operations add

B: Cash Flow from operations deduct

C: Cash Flow from Investing add

D: Cash Flow from Investing deduct

E: Cash Flow from Financing add

F: Cash Flow from Financing deduct

G: None

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Ras is a GTP-binding protein that is often mutated in cancer cells. Normal cells are stimulated...

Biology
Q

Discuss how sexual selection pressures differ between males and females. What effect does this have on...

Biology
Q

The speed of light 3 × 108 m / s, can be expressed in terms of...

Physics
Q

A -3.50 nC point charge is at the origin, and a second -5.50 nC point charge...

Physics
Q

The vertical component of earth s magnetic field at a place is 75 of the...

Physics
Q

3 1 point Find a parametric representation for the intersection of the surface x 4y...

Basic Math
Q

M N O P Q F MATH1507 M N O P Q R S Mathe...

Basic Math
Q

About 24% of flights departing from New York's John F. Kennedy International Airport were delayed...

Basic Math
Q

Question 27 3 points Save iabilities of $2400,000. During...

Accounting
Q

help please!! ....

Accounting
Q

Silven Industries, which manufactures and sells a highly successful line of summer lotions and insect...

Accounting
Q

A segment report can be prepared A. only for...

Accounting