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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 $3,126 Accumulated
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock $3,126 Accumulated depreciation-equipment $3,647 Prepaid rent 264 Accounts payable 1,559 Equipment 6,805 Patents 2,310 Stock investments (long-term) 737 Notes payable (long-term) 910 Debt investments (short-term) 1,843 Retained earnings 6,996 Income taxes payable 228 Accounts receivable 1,923 Cash 1,282 Inventory 1,302 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 > > $ $
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