How much property, plant, and equipment has TELUS contractually committed to purchase through 2013? How are these assets reflected on the December 31, 2011 balance sheet? Do you think this is an appropriate way to account for the prospective assets?
Answer to relevant QuestionsWhat is goodwill? How does it arise? How much goodwill did TELUS report on December 31, 2011? How does TELUS amortize its goodwill? How much new goodwill did TELUS add in 2011? Is it possible that TELUS has goodwill that ...What was TELUS' return on assets for the years ended December 31, 2011 and 2010? Interpret the ratios you calculated.A retail store sells merchandise for $100 plus HST of $113. How much should the store record as revenue? Explain why. If any part of the $113 is not included in revenue, how is it accounted for? When a business sells a gift card, why is the amount recorded as a liability instead of revenue? What are off-balance-sheet liabilities? Why do some entities find keeping some liabilities off-balance-sheet attractive? How do off-balance-sheet liabilities affect stakeholders' ability to interpret financial statements? ...
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