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Item 2

Time Remaining 1 hour 54 minutes 13 seconds

01:54:13

Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores.

	Debit	Credit
Accounts receivable	$ 678
Building and equipment	936
Cash	41
Interest receivable	45
Inventory	22
Land	170
Notes receivable (long-term)	500
Prepaid rent	23
Supplies	9
Trademark	57
Accounts payable		$ 675
Accumulated depreciation		74
Additional paid-in capital		477
Dividends payable		24
Common stock (at par)		13
Income tax payable		63
Notes payable (long-term)		812
Retained earnings		304
Deferred revenue		39
TOTALS	$ 2,481	$ 2,481

What would Symphony report as total shareholders' equity?

Multiple Choice

$1,606 million

$794 million

$770 million