There’s only one flashback in ToS 47, the one where Tony Stark fires Bruno Horgan. According to the Iron Man Index the first placement we have is the correct one:
IRON MAN/ANTHONY EDWARD "TONY" STARK
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[CHAOS:DA 3 (21:3)-FB-FB]
**TOS 47-FB (delete)
TOS 47 (1 - 11)
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