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
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 . Prepare the full cash flow statement for VWX Corp. for the year ended December 31, 2016 using the indirect method:
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