Question
TELUS Corporation issued 3.75 % notes on June 30, 2019. 7 The debentures have the following specifications: Principal amount US$610 million Maturity date June 30,
TELUS Corporation issued 3.75 % notes on June 30, 2019.7 The debentures have the following specifications:
Principal amount | US$610 million |
Maturity date | June 30, 2049 |
Issue price | 99.061% of principal amount |
Coupon rate | 3.75% |
Effective interest rate | 3.795% |
Interest payment dates | June 30 and December 31 |
Initial interest payment date | December 31, 2019 |
7In reality, the notes were issued on May 22, 2019, they mature on June 15, 2049, and interest payment dates are June 15 and December 15. These dates were changed slightly to simplify the computation of interest accrual.
Required:
Record the amounts that should be reported on TELUSs financial statements for 2019. The companys fiscal year ends on December 31. (Enter your answers in dollars and not in millions. Round the final answers to the nearest whole dollar.)
TELUS CORPORATION Financial Statements For year ended December 31, 2019 Statement of earnings: Statement of financial position: Long-term liabilities
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