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Corus Entertainment Inc is a Canadian integrated media

and entertainment #829


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 ............... $ 417,015Interest expense ............. 52,269Net
earnings ............... 156,151Revenues ................ ?General and administrative expenses ......
135,282Depreciation expense ............ 25,639Income tax expense ............ 57,242Total
expenses excluding income taxes ..... ?Earnings before income tax ......... ?View Solution:
Corus Entertainment Inc is a Canadian integrated media and entertainment

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