The financial statements of TSMC appear in Appendix A. The complete annual report, including the notes to the fi nancial statements, is available at the company’s website.

Instructions

Refer to TSMC’s financial statements and answer the following questions about liabilities.

a. What were TSMC’s total current liabilities at December 31, 2016? What was the increase/decrease in TSMC’s total current liabilities from the prior year?

b. What were the components of total current liabilities on December 31, 2016?

c. What was TSMC’s total non-current liabilities at December 31, 2016? What was the increase/ decrease in total non-current liabilities from the prior year? What were the components of total non-current liabilities on December 31, 2016?