Question: l In its ( 20 X 1 ) income statement, Tow Inc. reported proceeds from an officer's life insurance policy of ( $ 90,000 )

l In its \( 20 X 1 \) income statement, Tow Inc. reported proceeds from an officer's life insurance policy of \( \$ 90,000 \) and depreciation of \( \$ 250,000 \). Tow was the owner and beneficiary of t 2 answers

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