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Cineplex Entertainment operates movie theatres and food concession counters throughout Canada. Assume its income statement for the quarter that ended September 3 0 , 2
Cineplex Entertainment operates movie theatres and food concession counters throughout Canada. Assume its income statement for the quarter that ended September reported the following listed alphabetically, amounts in thousands of dollars:
Admissions Revenues $
Concessions Expenses
Concessions Revenues
Film Rental Expenses
Selling and Administrative Expenses
Net Income
Other Expenses
Other Revenues
Rent Expense
Total Expenses
Required:
Solve for the missing amounts and prepare an income statement for the quarter ended September Enter your answers in thousands.
a Select the Cineplexs main source of revenue?
multiple choice
Sales revenues
Concessions revenues
Service revenues
Unearned revenues
Admissions revenues
b Select the Cineplexs biggest expense?
multiple choice
Rent expense
General and administrative expenses
Concessions expenses
Other expenses
Film rental expenses
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