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Your answer is partially correct. Try again. Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are
Your answer is partially correct. Try again. Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock Prepaid rent Equipment Stock investments (long-term) Debt investments (short-term) Income taxes payable Cash $2,850 Accumulated depreciation equipment $2,680 165 Accounts payable 1,340 6,650 Patents 2,380 600 Notes payable (long-term) 870 1,860 Retained earnings 8,315 110 Accounts receivable 1,920 1,290 Inventory 1,300 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 For the Year Ended December 31, 2022 (in millions) Assets Current Assets Accounts Receivable 1,920 Inventory 1,300 Patents 2,380 Stock Investments 600 Cash 1,300
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