TELUS Corporation's Statements of Cash Flows appear on MyAccountingLab. Use these statements along with the other material in the annual report to answer the following questions:
1. Which method does TELUS use to report net cash flows from operations? How can you tell?
2. Did TELUS improve its cash position in 2013? If so, by how much?
3. TELUS, and many other companies, report items differently in the operating section than the method illustrated or described in the chapter. Explain why this is the case.
4. Explain the cause for the large outflow in the investing section and discuss.
5. Was TELUS expanding, contracting, or holding steady in 2013? Support your answer with specific references to the financial statements.