Question

Suppose the following items were taken from the 2022 financial statement of Texas instruments.

Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) $2,826 Accumulated depreciation-equipment $3,547 Common stock 164 Accounts payable Prepaid rent 1,459 Equipment Patents 6,705 2,210 Stock investments (long-term) Notes payable (long-term) 810 637 Debt investments (short-term) 1,743 Retained earnings 6,896 Income taxes payable Accounts receivable 128 1,823 Cash 1,182 Inventory 1,202

Answer 1

Ans.	TEXAS INSTRUMENTS, INC.
	Balance Sheet
	December 31 2022
	(in millions)
	Assets
	Current assets:
	Cash	$1,182
	Accounts receivables	$1,823
	Inventory	$1,202
	Debt investment	$1,743
	Prepaid rent	$164
	Total current assets		$6,114
	Non current assets: (Property, land and equipment) :
	Stock investment		$637
	Equipment	$6,705
	Less: accumulated depreciation on equipment	-$3,547	$3,158
	Intangible assets:
	Patents		$2,210
	Total Assets		$12,119
	Liabilities and Stockholder's Equity
	Current Liabilities:
	Accounts payable	$1,459
	Income taxes payable	$128
	Total current liabilities		$1,587
	Long term liabilities:
	Notes payable		$810
	Total liabilities		$2,397
	Stockholder's equity:
	Common stock	$2,826
	Retained earnings	$6,896
	Total Stockholder's Equity		$9,722
	Total Liabilities and Stockholder's Equity		$12,119
	*Long term stock investments are the non current assets.
	*Short term debt investments are treated as current assets.