Homework Answers
TEXAS INSTRUMENTS, INC.
BALANCE SHEET
FOR THE MONTH ENDED DECEMBER 31,2022
(IN MILLIONS)
| PARTICULARS | AMOUNT | AMOUNT | AMOUNT |
| FIXED ASSETS | |||
| EQUIPMENT | 6650 | ||
| LESS: -DEPRECIATION | 2680 | 3970 | |
| PATENTS | 2380 | ||
| TOTAL | 6350 | ||
| CURRENT ASSETS | |||
| STOCK INVESTMENT | 600 | ||
| ACCOUNTS RECEIVABLE | 1920 | ||
| CASH | 1290 | ||
| INVENTORY | 1300 | ||
| TOTAL | 5110 | ||
| PREPAID RENT | 165 | ||
| TOTAL ASSETS | 11625 | ||
| LIABILITIES | |||
| RETAINED EARNINGS | 8315 | ||
| DEBT INVESTMENT | 1860 | ||
| INCOME TAX PAYABLE | 110 | ||
| ACCOUNTS PAYABLE | 1340 | ||
| TOTAL LIABILITIES | 11625 |
Add Answer to:
Supaose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All...
Your answer is partially correct. Try again. Suppose the following items were taken from the 2022 financial statements...
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...
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All...
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock $2,620 Accumulated depreciation-equipment $2,310 Prepaid rent 160 Accounts payable 1,250 Equipment 6,300 Patents 2,080 Stock investments (long-term) 600 Notes payable (long-term) 740 Debt investments (short-term) 1,690 Retained earnings 8,120 Income taxes payable 180 Accounts receivable 1,950 Cash 1,170 Inventory 1,290 Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order...
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All...
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock $2,826 Accumulated depreciation-equipment $3,547 Prepaid rent 164 Accounts payable 1.459 Equipment 6,705 Patents 2,210 Stock investments (long-term) 637 Notes payable (long-term) 810 Debt investments (short-term) 1,743 Retained earnings 6,896 Income taxes payable 128 Accounts receivable 1,823 Cash 1,182 Inventory 1,202 Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order...
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All...
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock $2,100 Accumulated depreciation-equipment Prepaid rent 150 Accounts payable $2,890 1.770 2,160 710 Equipment 6,070 Patents Stock investments (long-term) 700 Notes payable (long-term) Retained earnings Debt investments (short-term) 7,260 1,620 140 Income taxes payable Accounts receivable 1,900 1,070 Cash 1.200 Inventory Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order...
Suppose the following items were taken from the 2022 financial statement of Texas instruments. Suppose the...
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 Prepare a classified balance...
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All...
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock $2,100 Accumulated depreciation—equipment $2,890 Prepaid rent 150 Accounts payable 1,770 Equipment 6,070 Patents 2,160 Stock investments (long-term) 700 Notes payable (long-term) 710 Debt investments (short-term) 1,620 Retained earnings 7,260 Income taxes payable 140 Accounts receivable 1,900 Cash 1,200 Inventory 1,070 Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order...
Exercise 2-07 Suppose the following items were taken from the 2022 financial statements of Texas Instruments,...
Exercise 2-07 Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock $3,100 Accumulated depreciation-equipment $3,730 Prepaid rent 150 Accounts payable 1,680 Equipment 6,400 Patents 2,440 Stock investments (long-term) 640 Notes payable (long-term) 790 Debt investments (short-term) 1,800 Retained earnings 6,060 Income taxes payable 170 Accounts receivable 1,800 Cash 1,190 Inventory 1,110 Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets...
The following items are taken from the financial statements of Crane Company at December 31, 2022....
The following items are taken from the financial statements of Crane Company at December 31, 2022. Land Accounts receivable Supplies Cash Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements Common stock Retained earnings (December 31, 2022) Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable Patents Investments in stock (long-term) Debt investments (short-term) $195,800 21,400 10,400 11,850 83,800 262,000 45,900 5,400 13,200 80,000 500,000 33,600 9,600 86,450 18,900 3,100 15,100 47,100 71,600...
The following items are taken from the financial statements of Crane Company at December 31, 2022....
The following items are taken from the financial statements of Crane Company at December 31, 2022. Land Accounts receivable Supplies Cash Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements Common stock Retained earnings (December 31, 2022) Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable Patents Investments in stock (long-term) Debt investments (short-term) $195,800 21,400 10,400 11,850 83,800 262,000 45,900 5,400 13,200 80,000 500,000 33,600 9,600 86,450 18,900 3,100 15,100 47,100 71,600...
Exercise 2-07 Your answer is partially correct. Try again. Suppose the following items were taken from...
Exercise 2-07 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 $3,420 Accumulated depreciation-equipment $2,690 175 Accounts payable 1,080 6,110 Patents 2,120 670 Notes payable (long-term) 850 1,680 Retained earnings 160 Accounts receivable 1,740 1,060 Inventory 1,020 6,375 TEXAS INSTRUMENTS, INC. Balance Sheet December 31, 203 (in...
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...
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock $2,620 Accumulated depreciation-equipment $2,310 Prepaid rent 160 Accounts payable 1,250 Equipment 6,300 Patents 2,080 Stock investments (long-term) 600 Notes payable (long-term) 740 Debt investments (short-term) 1,690 Retained earnings 8,120 Income taxes payable 180 Accounts receivable 1,950 Cash 1,170 Inventory 1,290 Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order...
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock $2,826 Accumulated depreciation-equipment $3,547 Prepaid rent 164 Accounts payable 1.459 Equipment 6,705 Patents 2,210 Stock investments (long-term) 637 Notes payable (long-term) 810 Debt investments (short-term) 1,743 Retained earnings 6,896 Income taxes payable 128 Accounts receivable 1,823 Cash 1,182 Inventory 1,202 Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order...
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock $2,100 Accumulated depreciation-equipment Prepaid rent 150 Accounts payable $2,890 1.770 2,160 710 Equipment 6,070 Patents Stock investments (long-term) 700 Notes payable (long-term) Retained earnings Debt investments (short-term) 7,260 1,620 140 Income taxes payable Accounts receivable 1,900 1,070 Cash 1.200 Inventory Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order...
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 Prepare a classified balance...
Exercise 2-07 Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock $3,100 Accumulated depreciation-equipment $3,730 Prepaid rent 150 Accounts payable 1,680 Equipment 6,400 Patents 2,440 Stock investments (long-term) 640 Notes payable (long-term) 790 Debt investments (short-term) 1,800 Retained earnings 6,060 Income taxes payable 170 Accounts receivable 1,800 Cash 1,190 Inventory 1,110 Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets...
The following items are taken from the financial statements of Crane Company at December 31, 2022. Land Accounts receivable Supplies Cash Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements Common stock Retained earnings (December 31, 2022) Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable Patents Investments in stock (long-term) Debt investments (short-term) $195,800 21,400 10,400 11,850 83,800 262,000 45,900 5,400 13,200 80,000 500,000 33,600 9,600 86,450 18,900 3,100 15,100 47,100 71,600...
The following items are taken from the financial statements of Crane Company at December 31, 2022. Land Accounts receivable Supplies Cash Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements Common stock Retained earnings (December 31, 2022) Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable Patents Investments in stock (long-term) Debt investments (short-term) $195,800 21,400 10,400 11,850 83,800 262,000 45,900 5,400 13,200 80,000 500,000 33,600 9,600 86,450 18,900 3,100 15,100 47,100 71,600...
Exercise 2-07 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 $3,420 Accumulated depreciation-equipment $2,690 175 Accounts payable 1,080 6,110 Patents 2,120 670 Notes payable (long-term) 850 1,680 Retained earnings 160 Accounts receivable 1,740 1,060 Inventory 1,020 6,375 TEXAS INSTRUMENTS, INC. Balance Sheet December 31, 203 (in...
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