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Corus Entertainment Inc. is a Canadian integrated media and entertainment company that delivers engaging, interactive, and informative content to millions of people every day.
Corus Entertainment Inc. is a Canadian integrated media and entertainment company that delivers engaging, interactive, and informative content to millions of people every day. Its television services include Global, Showcase, and YTV. It also owns many radio stations in the major Canadian markets. A recent annual statement of earnings contained the following items (in thousands of Canadian dollars). Solve for the missing amounts and prepare a condensed statement of earnings for the year ended August 31, 2018. (Hint: First order the items as they would appear on the statement of earnings and then solve for the missing values.) (Enter your answers in thousands of dollars, not in whole dollars. Loss amounts should be indicated with a minus sign.) Cost of sales 442,155 Interest expense 55,269 Net earnings (loss) (159,721) Revenues Depreciation and amortization expense 22,485 Income tax expense 59,242 Total expenses, excluding income taxes Other expenses and losses 1,046,455 General and administrative expenses 140,282 Earnings before income tax
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