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Best Cinema, Incorporated, operates movies and food concession counters throughout the United States. Its income statement for the quarter ended June 30, 2019, reported the
Best Cinema, Incorporated, operates movies and food concession counters throughout the United States. Its income statement for the quarter ended June 30, 2019, reported the following (accounts are listed alphabetically in thousands): Admissions Revenue Concessions Expenses Concessions Revenue Film Rental Expenses Income Tax Expense Office Expenses $ 472,800 41,900 295,700 249,800 40,900 202,900 Rent Expense 82,800 Salaries and Wages Expense 84,500 Net Income (Loss) ? BEST CINEMA, Incorporated Income Statement (in thousands)
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