This case is based on the financial statements of TELUS, which can be found in Appendix A
Question:
Requirements
1. Does TELUS's financial condition look strong or weak? How can you tell?
2. What was the result of TELUS's operations during 2011? Identify both the name and the dollar value of the result of operations for 2011. Does an increase (decrease) signal good news or bad news for the company and its shareholders?
3. Examine shareholders' equity on the balance sheet and the statement of changes in owners' equity. What were the changes in shareholders' equity during 2011? What caused these changes?
4. Which statement reports cash as part of TELUS's financial position? Which statement tells why cash increased (or decreased) during the year? What items caused TELUS's cash to change the most in 2011?
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... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For
Financial Accounting
ISBN: 978-0133472264
5th Canadian edition
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
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