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Exercise 2-6 Suppose the following items were taken from the 2017 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock Prepaid

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Exercise 2-6 Suppose the following items were taken from the 2017 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock Prepaid rent Equipment Stock investments (long-term) 730 Notes payable (long-term) Debt investments (short-term) 1,730 Retained earnings Income taxes payable Cash CALCULATOR $2,770 Accumulated depreciation-equipment $2,460 170 Accounts payable 6,710 Patents 1,060 2,070 970 8,100 1,710 1,070 170 Accounts receivable 1,340 Inventory Prepare a classified balance sheet in good form as of December 31, 2017. (List current assets in order of liquidity.) Texas Instruments, Inc. Balance Sheet December 31, 2017 (in millions) Assets Current Assets 1,340 1,730 1,710 Cash Debt Investments Accounts Receivable Policy 1 R 2000-2018 1ohn Wcy 8 59ns.s All Rignts Reseryed, A Division of John Wilcy &

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