Study the income statement of TELUS Corporation (page 523), and answer these questions about the company: 1.

Question:

Study the income statement of TELUS (page 523), and answer these questions about the company:
1. How much operating income did TELUS earn on operating revenue? How much was income before taxes? How much was net income?
2. What dollar amount of net income would most sophisticated investors use to predict TELUS's net income for the next year? Name this item, give its amount, and state your reason.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...