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The basic accounting equation is Assets = Liabilities + Owners equity. Replacing the words in that equation with dollar amounts, what is TSMCs accounting equation at December 31, 2016?

Chapter 1, Questions #22

The basic accounting equation is Assets = Liabilities + Owner’s equity. Replacing the words in that equation with dollar amounts, what is TSMC’s accounting equation at December 31, 2016?

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Related Book For answer-question
Accounting Principles

Accounting Principles

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

ISBN: 978-1119419617

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The accounting equation is a formula that shows the sum of a company\\\'s liabilities and shareholders\\\' equity are equal to its total assets (Assets = Liabilities + Equity). The clear-cut relationship between a company\\\'s liabilities, assets, and equity is the backbone of double-entry bookkeeping.

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