The financial statements of TSMC are presented in Appendix A. The company's complete annual report, including the
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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, 2013? At December 31, 2012?
(b) How much cash (and cash equivalents) did TSMC have on December 31, 2013?
(c) What amount of accounts payable did TSMC report on December 31, 2013? On December 31, 2012?
(d) What was TSMC's revenue in 2012? In 2013?
(e) What is the amount of the change in TSMC's net income from 2012 to 2013?
Financial Statements
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...
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Related Book For
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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