The notes that accompany a company’s financial statements provide informative details that would…

The notes that accompany a company’s financial statements provide informative details that would clutter the amounts and descriptions presented in the statements. Refer to the financial statements of TSMC in Appendix A and the 2013 annual report’s Notes to the Consolidated Financial Statements, available in the Investors section of the company’s website,


Answer the following questions. Complete the requirements in millions of new Taiwan dollars, as shown in TSMC’s annual report.

(a) What did TSMC report for the amount of inventories in its consolidated statement of financial position at December 31, 2013? At December 31, 2012?

(b) Compute the new Taiwan dollar amount of change and the percentage change in inventories between 2012 and 2013. Compute inventory as a percentage of current assets at December 31, 2013.

(c) How does TSMC value its inventories? Which inventory cost flow method does TSMC use? (See Notes to the Consolidated Financial Statements.)

(d) What is the cost of sales (cost of goods sold) reported by TSMC for 2013 and 2012? Compute the percentage of cost of sales to net sales in 2013.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: Content is protected !!