Textbook Notes (369,014)
Canada (162,338)
RSM220H1 (54)
Xin Baohua (17)
Chapter

lec 4 CDX Corp cash flow.pdf

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Department
Rotman Commerce
Course
RSM220H1
Professor
Xin Baohua
Semester
Winter

Description
CDX CorpA Journal entry to account for the sale of CDXs long term investments in 2008Ex 1Dr Cash BS60000CFICr Long Term Investments BS50000Cr Gain on sale of investments IS10000reconciling item on CFOB Journal entry to account for the sale of CDXs buildings in 2008Ex 2Dr Cash BS30000CFIDr Loss on sale of buildings IS20000reconciling item on CFODr Acc Dep BS150000Cr PPEBuildings BS200000Calculation of Net IncomeOpening Retained Earnings350000Net Income1000
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