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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 $ 2,990 Accumulated
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.)
Common stock | $ 2,990 | Accumulated depreciationequipment | $ 4,380 | |||
---|---|---|---|---|---|---|
Prepaid rent | 160 | Accounts payable | 1,090 | |||
Equipment | 6,220 | Patents | 2,220 | |||
Stock investments (long-term) | 690 | Notes payable (long-term) | 970 | |||
Debt investments (short-term) | 1,950 | Retained earnings | 6,100 | |||
Income taxes payable | 170 | Accounts receivable | 1,870 | |||
Cash | 1,340 | Inventory | 1,250 |
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 $ $Step by Step Solution
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