The financial statements of Samsung appear in Appendix A. The notes to consolidated financial statements appear in
Question:
The financial statements of Samsung appear in Appendix A. The notes to consolidated financial statements appear in the 2010 annual report, which can be found in the Investor Relations section of the company’s website, www.samsung.com.
Instructions
Refer to Samsung’s financial statements and answer the following questions about liabilities.
(a) What were Samsung’s total current liabilities at December 31, 2010? What was the increase / decrease in Samsung’s total current liabilities from the prior year?
(b) What were the components of total current liabilities on December 31, 2010?
(c) What was Samsung’s total non-current liabilities at December 31, 2010? 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, 2010?
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...
Step by Step Answer:
Financial Accounting IFRS
ISBN: 978-1118285909
2nd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso