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Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock $3,400 Accumulated depreciationequipment
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.)
Common stock | $3,400 | Accumulated depreciationequipment | $4,050 | |||
---|---|---|---|---|---|---|
Prepaid rent | 150 | Accounts payable | 1,440 | |||
Equipment | 7,320 | Patents | 2,140 | |||
Stock investments (long-term) | 650 | Notes payable (long-term) | 700 | |||
Debt investments (short-term) | 1,600 | Retained earnings | 6,470 | |||
Income taxes payable | 120 | Accounts receivable | 1,700 | |||
Cash | 1,350 | Inventory | 1,270 |
Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity.)
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