Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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 choose the accounting period

For the Month Ended December 31, 2022December 31, 2022For the Year Ended December 31, 2022

(in millions)

Assets

select an opening name for subsection one

Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' EquityTotal Current AssetsTotal Liabilities

enter a balance sheet item

$enter a dollar amount

enter a balance sheet item

enter a dollar amount

enter a balance sheet item

enter a dollar amount

enter a balance sheet item

enter a dollar amount

enter a balance sheet item

enter a dollar amount

select a closing name for subsection one

Current Assets Current Liabilities Intangible Assets Long-Term Investments Long-Term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Liabilities Total Liabilities and Stockholders' Equity Total Stockholders' Equity Total Current Assets Total Liabilities

$enter a total amount for subsection one

select an opening name for subsection two

Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' EquityTotal Current AssetsTotal Liabilities

enter a balance sheet item

enter a dollar amount

select an opening name for subsection three

Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' EquityTotal Current AssetsTotal Liabilities

enter a balance sheet item

enter a dollar amount

select between addition and deduction

Add Less

:enter a balance sheet item

enter a dollar amount

enter a subtotal of the two previous amounts

select an opening name for subsection four

Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' EquityTotal Current AssetsTotal Liabilities

enter a balance sheet item

enter a dollar amount

select a closing section name for this part of the balance sheet

Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' EquityTotal Current AssetsTotal Liabilities

$enter a total amount for this part of the balance sheet

Liabilities and Stockholders' Equity

select an opening name for subsection one

Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' EquityTotal Current AssetsTotal Liabilities

enter a balance sheet item

$enter a dollar amount

enter a balance sheet item

enter a dollar amount

select a closing name for subsection one

Current Assets Current Liabilities Intangible Assets Long-Term Investments Long-Term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Liabilities Total Liabilities and Stockholders' Equity Total Stockholders' Equity Total Current Assets Total Liabilities

$enter a total amount for subsection one of the second part of the balance sheet

select an opening name for subsection two

Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' EquityTotal Current AssetsTotal Liabilities

select a balance sheet item

enter a dollar amount

select a closing name for section one

Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' EquityTotal Current AssetsTotal Liabilities

enter a total amount for this section of the balance sheet

select an opening name for section two

Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' EquityTotal Current AssetsTotal Liabilities

enter a balance sheet item

enter a dollar amount

enter a balance sheet item

enter a dollar amount

select a closing name for section two

Current Assets Current Liabilities Intangible Assets Long-Term Investments Long-Term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Liabilities Total Liabilities and Stockholders' Equity Total Stockholders' Equity Total Current Assets Total Liabilities

enter a total of the two previous amounts

select a closing name for this part of the balance sheet

Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' EquityTotal Current AssetsTotal Liabilities

$enter a total amount for this part of the balance sheet

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ethics And Auditing

Authors: Tom Campbell, Keith Houghton

1st Edition

1920942254, 978-1920942250

More Books

Students also viewed these Accounting questions