a edugen.wileyplus.com WileyPLUS: MywileyPLUS| Help I Con LUS FINANCIAL ACCOUNTI

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a edugen.wileyplus.com WileyPLUS: MywileyPLUS| Help I Con LUS FINANCIAL ACCOUNTIN Kimmel, Financial Accounting, 8e dy& Practice Assignment Gradebook ORION Downloadable eTextbook n Assignment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION URCES Exercise 2-6 Suppose the following items were taken from the 2017 financial statements of Texas Instruments, Inc.. (All dollars are in millions.) Accumulated depreciation- equipment $3,547 1,459 2,210 810 6,896 1,823 1,202 $2,826 Common stock Prepaid rent Equipment Stock investments (long- 164 Accounts payable 6,705 Patents uy term) 637 Notes payable (long-term) Debt investments (short- 1,743 Retained earnings term) Income taxes payable Cash 128 Accounts receivable 1,182 Inventory Prepare a classified balance sheet in good form as of December 31, 2017. (List current assets in order of liquidity.) Texas Instruments, Inc Balance Sheet (in millions) Assets ment 1 Privacy Policy 2000-2018 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons. Ins

Explanation / Answer

Texas Instruments, Inc Balance Sheet As on December 31, 2017 (In Millions) Assets Current Assets Cash $1,182 Debt Investments $1,743 Accounts receivable $1,823 Inventory $1,202 Prepaid rent $164 Total Current assets $6,114 Long Term Investments Stock Investments $637 Property, Plant and Equipment Equipment $6,705 Less : Accumulated Depreciation - Equipment ($3,547) Equipment, Net $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 Shareholders Equity Common Stock $2,826 Retained Earnings $6,896 Total Shareholders Equity $9,722 Total Liabilities and Stockholder's Equity $12,119

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