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

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

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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