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What amount should be included in Fina’s income statement for the quarter ended March 31, 2013?

05 / 03 / 2018 Assignment

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Fina Corp. had the following transactions during the quarter ended March 31, 2013:

Loss from hurricane damage $350,000

Payment of fire insurance premium for calendar year 2013 600,000

What amount should be included in Fina’s income statement for the quarter ended

March 31, 2013?


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