The financial statements of TSMC are presented in Appendix A. The complete annual report, including the notes

Question:

The financial statements of TSMC are presented in Appendix A. 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.

a. What were TSMC’s total assets at December 31, 2020? At December 31, 2019?

b. How much cash (and cash equivalents) did TSMC have on December 31, 2020?

c. What amount of accounts payable did TSMC report on December 31, 2020? On December 31, 2019?

d. What was TSMC’s revenue in 2019? In 2020?

e. What is the amount of the change in TSMC’s net income from 2019 to 2020?

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Related Book For  book-img-for-question

Financial Accounting With International Financial Reporting Standards

ISBN: 9781119787051

5th Edition

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

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