Suppose the following items were taken from the 2025 financial statements of Texas Instruments, Inc. (All dollars
Question:
Suppose the following items were taken from the 2025 financial statements of Texas Instruments, Inc. (All dollars are in millions.)
InstructionsPrepare a classified balance sheet in good form as of December 31, 2025.
Transcribed Image Text:
Common stock Prepaid rent Equipment Stock investments (long-term) Debt investments (short-term) Income taxes payable Cash $2,826 164 6,705 637 1,743 128 1,182 Accumulated depreciation-equipment Accounts payable Patents Notes payable (long-term) Retained earnings Accounts receivable Inventory $3,547 1,459 2,210 810 6,896 1,823 1,202
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