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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 $2,210 Accumulated depreciationequipment
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.)
Common stock | $2,210 | Accumulated depreciationequipment | $3,200 | |||
---|---|---|---|---|---|---|
Prepaid rent | 150 | Accounts payable | 1,510 | |||
Equipment | 6,170 | Patents | 2,210 | |||
Stock investments (long-term) | 700 | Notes payable (long-term) | 870 | |||
Debt investments (short-term) | 1,770 | Retained earnings | 7,120 | |||
Income taxes payable | 180 | Accounts receivable | 1,880 | |||
Cash | 1,120 | Inventory | 1,090 |
Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity.)
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