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a) $791 millions b) $831 millions c) 806 millions d) 1,664 millions Listed below are year-end account balances ($ in millions) taken from the records
a) $791 millions
b) $831 millions
c) 806 millions
d) 1,664 millions
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 664 Building and equipment 939 Cash 46 Interest receivable 32 Inventory 17 Land 168 Notes receivable (long-term) 476 Prepaid rent 20 Supplies 12 Trademark 49 Accounts payable 580 Accumulated depreciation 64 Additional paid-in capital 481 Dividends payable 26 Common stock (at par) 18 Income tax payable 50 Notes payable (long-term) 864 Retained earnings 311 Deferred revenue 29 TOTALS 2,423 2,423 What would Symphony report as total current assetsStep by Step Solution
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