Refer to the TELUS's financial statements in Appendix A at the end of this book .
Requirements
1. What was TELUS's Deferred Income Tax liability at the end of 2011? Did it increase or decrease during the year? Based on this information, what do you think was higher for 2011, TELUS's Income Tax Expense or its Income Tax Payable?
2. What was the percentage change in TELUS's Net Income Attributable to Common Shares and Non-voting Shares from 2010 to 2011? What was the percentage change in TELUS's basic EPS from 2010 to 2011? Why didn't the EPS increase at the same rate as the Net Income figure?