The TELUS Communications Corp. 2016 financial statements appear on MyLab Accounting. Answer the following questions about the
Question:
The TELUS Communications Corp. 2016 financial statements appear on MyLab Accounting. Answer the following questions about the company’s share capital:
1. What classes of shares has TELUS issued? How many shares are authorized and how many are issued and outstanding?
2. What change was made to the common shares?
3. What is the book value per share at December 31, 2016? The market price of the shares closed at $42.75 on that date. Why is the market price different from the book value per share?
4. What did TELUS earn per common share in 2016? Where did you find that information?
Step by Step Answer:
Horngrens Accounting
ISBN: 9780135359785
11th Canadian Edition Volume 2
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood