The financial statements of TSMC are presented in Appendix A (at the back of the textbook). The
Question:
The financial statements of TSMC are presented in Appendix A (at the back of the textbook). The complete annual report, including the notes to the financial statements, is available at the company’s website.
Instructions
Refer to TSMC’s financial statements and answer the following questions. (Use amounts as reported in New Taiwan dollars.)
a. What were TSMC’s total assets at December 31, 2016? At December 31, 2015?
b. How much cash (and cash equivalents) did TSMC have on December 31, 2016?
c. What amount of accounts payable did TSMC report on December 31, 2016? On December 31,2015?
d. What was TSMC’s revenue in 2015? In 2016?
e. What is the amount of the change in TSMC’s net income from 2015 to 2016?
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... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
Step by Step Answer:
a TSMCs total assets at December 31 2016 were NT 1886455302 and at December 31 2015 were NT 16...View the full answer
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
