Reference no: EM132905911
Problem - VWX Corp. has the following amounts for 2016:
Net loss of $400,000
Realized loss from the sale of machinery, $4,000
Realized gain from sale of building, $70,000
Proceeds from sale of land, $160,000
Purchase of trading securities, $130,000
Unrealized gain from trading securities, $30,000
Unrealized loss from available for sale securities, $230,000
Sale of available for sale securities, $400,000
Compensation expense for stock options, $80,000
Proceeds from exercise of stock options, $500,000
Cash balance at 1/1/2016, $600,000
Required - Prepare the full cash flow statement for VWX Corp. for the year ended December 31, 2016 using the indirect method.