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Please answer #8, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Suppose the following items were taken from the 2022 financial statements of Texas
Please answer #8, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions Common stock $2,000 Accumulated depreciation-equipment $ 2,000 Prepaid rent 150 Accounts payable 1,000 Equipment 6,000 Patents 2,000 Stock investments (long-term) 600 Notes payable (long-term) 700. Debt investments (short-term) 1,600 Retained earnings 8,250 Income taxes payable 100 Accounts receivable 1.700 Cash 1,000 Inventory 1,000 Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity.) TEXAS INSTRUMENTS, INC. Balance Sheet (in millions) Assets Liabilities and Stockholders' Equity . $ Step by Step Solution
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