Reference no: EM133002371
Question - 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 A 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.
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