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 television services include YTV, Teletoon, and the Oprah Winfrey Network (Canada). It also owns many radio stations in the major Canadian markets. A recent annual statement of comprehensive income 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, 2012.
Cost of sales ............... $ 417,015
Interest expense ............. 52,269
Net earnings ............... 156,151
Revenues ................ ?
General and administrative expenses ...... 135,282
Depreciation expense ............ 25,639
Income tax expense ............ 57,242
Total expenses excluding income taxes ..... ?
Earnings before income tax ......... ?


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  • CreatedAugust 04, 2015
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