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Preparation of balance sheet from given data.
The following items were taken from the 2004 financial statements of Texas Instruments, Inc. (All dollars are in millions.)
Long-term debt
$368
Cash
$2,668
Common stock
2,488
Accumulated depreciation
5,655
Prepaid expenses
326
Accounts payable
1,444
Property, plant, and equipment
9,573
Other noncurrent assets
1,927
Other current assets
554
Other noncurrent liabilities
943
Other current liabilities
470
Retained earnings
10,575
Long-term investments
264
Accounts receivable
1,696
Short-term investments
3,690
Inventories
1,256
Loans payable in 2005
11
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Purpose all worksheet eliminations in journal entry form necessary to consolidate Crain and Downey
Waters, Inc., acquired 10 % of Denton Corporation on 1 st January, 2012, for $297,400 though Denton's book value on that date was $2,380,000.
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