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Worldwide Movie Company operates outdoor movie venues and food concession counters. The Company's income statement for the quarter that ended September 30, 2020, reported the
Worldwide Movie Company operates outdoor movie venues and food concession counters. The Company's income statement for the quarter that ended September 30, 2020, reported the following (listed alphabetically, amounts in thousands of dollars) Admissions Revenues $490,550 Concessions Expenses 32,800 Concessions Revenues 222,900 Film Rental Expenses 274,200 Selling and Administrative Expenses 78,450 Net Income Other Expenses 254,200 Other Revenues 37,600 Rent Expense Total Expenses 98,900 Required: 1. Solve for the missing amounts and prepare an income statement for the quarter ended September 30, 2020. (Enter your answers in thousands.) Worldwide Movie Company Income Statement For the Quarter Ended September 30, 2020 Revenues: Worldwide Movie Company Income Statement For the Quarter Ended September 30, 2020 (in thousands) Total revenues Expenses: Total expenses 2-a. SelectWorldwide Movie Company's main source of revenue? O Concessions revenues O Service revenues Admissions revenues Sales revenues O Unearned revenues 2-b. Select the Worldwide Movie Company's biggest two expenses. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box: for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) O Sales revenues O Unearned revenues ? Rent expense General and administrative expenses ? Concessions expenses ? Other expenses Film rental expenses 0
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