Question

please use the given info to fill out the balance sheet provided

Question 4 View Policies Current Attempt in Progress Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in Common stock Prepaid rent Equipment Stock investments (long-term) Debt investments (short-term) $2,790 Accumulated depreciation-equipment 165 Accounts payable 6.710 Patents 660 Notes payable (long-term) 1.880 Retained earnings 150 Accounts receivable 1,340 Inventory $3,720 - 1.780 2490 960 6,745 1.750 Income taxes payable Cash 1.150 Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity

Answer 1

The balance sheet on the basis of balances given in the question has been prepared below :

(In case of any queries, feel free to ask them in comments section, I will make sure I reply)

Balance Sheet of Texas Instruments, Inc as on December 31, 2022
Particulars		Amount ($)
I. Assets
a) Non-Current Assets
Equipment	6,710
Less : Accumulated Depreciation	(3,720)	2,990
Stock investments (Long-term)		660
Patents		2,490
Total		6,140
b) Current Assets (in order of liquidity)
Cash		1,340
Marketable Securities : Debt securities (Short-term)		1,880
Accounts Receivable		1,750
Inventory		1,150
Other current assets : Prepaid Rent		165
Total		6,285
Total Assets		12,425
II. Equity & Liabilities
a) Equity
Common Stock		2,790
Retained Earnings		6,745
Total		9,535
b) Liabilities
i) Non-Current Liabilities
Notes Payable (long-term)		960
ii) Current Liabilities
Accounts Payable		1,780
Other Current liabilities : Income Tax Payable		150
Total		2,890
Total Equity and Liabilities		12,425