Question

E1-6 Preparing an Income Statement and Inferring Missing Values (LO2, LO3] Cineplex Entertainment operates movie theatres and food concession counters throughout Canada. Assume its income statement for the quarter ended September 30, 2017, reported the following listed alphabetically, amounts in thousands of dollars): $476,200 28,600 208,900 263,000 73,200 5 Admissions Revenues Concessions Expenses Concessions Revenues Fils Rental Expenses Selling and Administrative Expenses Net Income other Expenses Other Revenues Rent Expense Total Expenses 245,800 38,800 92,00

Answer 1

CINEPLEX ENTERTAINMENT

Income Statement

For the quarter ended September 30 2017

( in thousands )

Revenues :
Admissions Revenue	476200
Concessions Revenue	208900
Other Revenues	38800
Total Revenues	723900
Expenses :
Concessions Expense	28600
Film Rental Expense	263000
Selling & Administrative Expense	73200
Rent Expense	92800
Other Expense	245800
Total Expenses	703400
Net Income	$ 20500

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