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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 $ 2,920 Accumulated
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.)
Common stock | $ 2,920 | Accumulated depreciationequipment | $ 2,790 | |||
---|---|---|---|---|---|---|
Prepaid rent | 165 | Accounts payable | 1,460 | |||
Equipment | 7,460 | Patents | 2,400 | |||
Stock investments (long-term) | 610 | Notes payable (long-term) | 910 | |||
Debt investments (short-term) | 1,890 | Retained earnings | 8,655 | |||
Income taxes payable | 120 | Accounts receivable | 1,840 | |||
Cash | 1,260 | Inventory | 1,230 |
Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity.)
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