Quebecor Inc. is a major provider of cable services and also the owner of many newspapers. The company reported the followingitems in its 20X11 consolidated financial statements (in millions of Canadian dollars, except per-share amounts):a. Revenuesb. Cost of sales and selling and administrative expensesc. Non-controlling interest in earningsd. Financial expenses.e. Dividendsf. Income tax expense-continuing operationsg. Change in unrealized gain on translation of net investments inforeign operations.h. Restructuring of operations and impairment of assetsi. Gain on translation of investmentsj. Reclassification to income of loss related to cash flow hedges (netof tax)k. Premium over book value paid on repurchased shares.1. Diluted earnings per share fromcontinuing operationsRequired:1-a. Prepare a continuous SCI.Other expensesOther comprehensive income:Other expenses1-b. Prepare a separate statement of income and statement of comprehensive income.QUEBECOR INCStatement of Comprehensive IncomeYear ended 31 December 20X1OCI Items reclassified to income:Total OCIQUEBECOR INCStatement of Comprehensive IncomeYear ended 31 December 20X1QUEBECOR INCStatement of Comprehensive IncomeYear ended 31 December 20X1$4,256.602,889.90187.00327.9015.30151.904.1035.204.101.1028.103.61

Comprehensive income refers to Income from continuing operations after taxes and equity method…

Quebecor Inc. is a major provider of cable services and also the owner of many newspapers. The company reported the following items in its 20X11 consolidated financial statements (in millions of Canadian dollars, except per-share amounts):

Quebecor Inc. is a major provider of cable services and also the owner of many newspapers. The company reported the following items in its 20X11 consolidated financial statements (in millions of Canadian dollars, except per-share amounts):

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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