Question
VWX Corp. has the following amounts for 2016: Net loss of $200,000 Realized loss from the sale of machinery, $2,000 Realized gain from sale of
VWX Corp. has the following amounts for 2016:
Net loss of $200,000
Realized loss from the sale of machinery, $2,000
Realized gain from sale of building, $35,000
Proceeds from sale of land, $80,000
Purchase of trading securities, $65,000
Unrealized gain from trading securities, $15,000
Unrealized loss from available for sale securities, $115,000
Sale of available for sale securities, $200,000
Compensation expense for stock options, $40,000
Proceeds from exercise of stock options, $250,000
Cash balance at 1/1/2016, $300,000
Prepare the full cash flow statement for VWX Corp. for the year ended December 31, 2016
using the indirect method:
Cash from Operating activities:
Net loss(200,000)
Realized loss from sale of machinery2,000
Realized gain from sale of building (35,000)
Purchase of trading securities (65,000)
Unrealized gain from trading securities (15,000)
Compensation expense for stock options40,000
Cash used by operating activities(273,000)
Cash from Investing activities:
Proceeds from sale of land80,000
Sale of available for sale securities200,000
Cash provided by investing activities280,000
Cash from Financing activities:
Proceeds from exercise of stock options250,000
Cash provided by financing activities250,000
Net increase in cash
Beginning cash balance
Ending cash balance
PLEASE HELP FINISHING GOT STUCK HERE
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