TELUS Corporation's income statement and balance sheet on MyAccountingLab provide details about the company's long-term debt and

Question:

TELUS Corporation's income statement and on MyAccountingLab provide details about the company's long-term debt and equity. Use the data to answer the following questions:
1. What did TELUS have listed as long-term debt obligations?
2. List the long-term liability amounts at December 31, 2013 and 2012.
3. What lease payments are due in the year ended December 31, 2013? How much is due in the years beyond 2013?
4. How much financing cost did TELUS record on the income statement for 2013 and 2012?
What was the main reason for the increase?
5. What types of shares are TELUS authorized to issue? Which types of shares were outstanding at December 31, 2013? What was their dollar amount? Were dividends paid during the year ended December 31, 2013? If so, how much were they?
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...