Question
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
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, current year. (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.)
O'st Ol Sales 467,295 Interest expense 47,800 163,291 Revenues Pecduon expense 2/,639 Income tax Oxpei>e 61,242 Olai pesGS, OXCIUng income 1axes Olher expenses and losses 1,056,455 General and administrative expenses 123,900 Earnings belore incometaxS224,533
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