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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 $2,180 Accumulated depreciationequipment
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.)
Common stock | $2,180 | Accumulated depreciationequipment | $3,310 | |||
---|---|---|---|---|---|---|
Prepaid rent | 175 | Accounts payable | 1,030 | |||
Equipment | 6,460 | Patents | 2,100 | |||
Stock investments (long-term) | 690 | Notes payable (long-term) | 730 | |||
Debt investments (short-term) | 1,830 | Retained earnings | 8,035 | |||
Income taxes payable | 140 | Accounts receivable | 1,700 | |||
Cash | 1,400 | Inventory | 1,070 |
Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity.
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