Refer to the TELUS Corporation financial statements located on My Accounting Lab. TELUS calls their balance sheet

Question:

Refer to the TELUS Corporation financial statements located on My Accounting Lab. TELUS calls their balance sheet a "Consolidated Statement of Financial Position" and their income statement is called a "Consolidated Statement of Income."

Required

1. How much accounts receivable did TELUS have at December 31, 2013?

2. What were total assets at December 31, 2013? At December 31, 2012? There is no title for this amount, but there is a total on the statement.

3. Write the company's accounting equation at December 31, 2013, by filling in the dollar amounts:

Assets = Liabilities = Owners' Equity

4. Identify total operating revenues for the year ended December 31, 2013, and the year ended December 31, 2012. Did revenue increase or decrease during 2013?

5. How much net income or net loss did TELUS experience for the year ended December 31, 2013? Was 2013 a good year or bad year compared to 2012?

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