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What amount should be included in crippling income statement

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Reference no: EM132776540

Question - Crippling Corporation had the following transactions during the quarter ended March 31, 2016:

Loss from typhoon damage 210,000

Payment of fire insurance premium for calendar year 2016 300,000

What amount should be included in Crippling's income statement for the quarter ended March 31, 2016?

Reference no: EM132776540

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