Corus Entertainment Inc. is a Canadian integrated media and entertainment company that delivers engaging, interactive...
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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 TV 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 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.Cost of sales$ Interest expenseNet earningsRevenuesDepreciation expenseIncome tax expenseTotal expenses, excluding income taxesOther expenses and lossesGeneral and administrative expensesEarnings before income tax$
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