TELUS's financial statements are given in Appendix A at the end of this book. 1. TELUS has

Question:

TELUS's financial statements are given in Appendix A at the end of this book.

1. TELUS has subsidiaries. What is TELUS's percentage of ownership? How can you tell?

2. TELUS reports long-term investments on its consolidated balance sheet. Did they buy or sell any of these investments during the year? How can you tell?

3. Did TELUS's goodwill suffer any impairment during the year? How can you tell?

Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of... Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...