Question

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 of liquidity) TEXAS INSTRUMENTS, INC. Balance Sheet December 31, 2022 (in millions) Assets Current Assets Type here to search TOSHIBA

Answer 1

ts A 1823 A TEXAS INSTRUMENTS, INC. Balance sheel December 31, 2022 ( In millions) Assets (Currend Assets Cash 1182 Debt investments 11743 Accounts Receivable [Inventory 1202 Paepaid nend Total current Assets $16114] Thong-term investments stock investments 11.637) Propeedy plant and equipment ] l Equipment. 7 1916705|| Less: Accumulated depuicialiona I equipment! Intangible assets Palents $(4210 1972.3197 Total Assets

128 Liabilities and Stockholders' Equerly Current liabilities Accounts Payable [Income Taxes Payable Total corrent liabilities $115871 Thong Term liabilities (Notes payable $ [810 Total liabilities $12397 stockholders' Equity Common Stock $9826 Retained Earnings Tofal stockholders' equity] 819723 Total liabilities as fock holdesequity 32119 Ereplanatione : Assets - Liabilities t Stockholders equity -> $12119 : $.2397' + $9722 Ź 912119 = {12.1.19 : ;