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E1-6 Preparing an Income Statement and Inferring Missing Values Cinemark Holdings, Inc., operates movies and food concession counters throughout the United States. Its income statement
E1-6 Preparing an Income Statement and Inferring Missing Values Cinemark Holdings, Inc., operates movies and food concession counters throughout the United States. Its income statement for the quarter ended September 30, 2016, reported the following (accounts are listed alphabetically in thousands): Admissions Revenues 472,800 Office Expenses $202,900 Concessions Expenses 41,900 Rent Expense 82,800 Concessions Revenues 295,700 Salaries & Wages Expense 84,500 Film Rental Expenses 249,800 Net Income ? Income Tax Expense 40,900 Required: 1. Solve for the missing amount and prepare an income statement for the quarter ended September 30, 2016. 2. What are Cinemark's main source of revenue and two biggest expenses
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