In early May 2007, Walt Disney Company released its earnings for its fiscal second quarter. In the release, the company discussed its various operations, including
Revenue from a surprising movie hit, Wild Hogs
Upcoming revenue from two summer blockbuster movies, Pirates of the Caribbean and Ratatouille
Sports programming costs at the television network ESPN
A new licensing business model for ESPN mobile phone service
Broadcasting revenue at its various television networks
Merchandise sales related to its Cars movie release
Softer theme park revenue
REQUIRED:
Discuss how the areas outlined above would be presented and classified on the income statement of Disney.