Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores....
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Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Accounts receivable Building and equipment Cash Interest receivable Debit 674 Credit 932 56 46 Inventory Land 34 154 Notes receivable (long-term) 489 Prepaid rent 25 Supplies Trademark Accounts payable Accumulated depreciation Additional paid-in capital Dividends payable Common stock (at par) Income tax payable Notes payable (long-term) 13 50 606 61 482 30 18 50 884 Retained earnings 315 Deferred revenue TOTALS 27 2, 473 2, 473 What would Symphony report as total current assets? Multiple Choice $888 millions. $1,721 millions. $848 millions. $863 millions. Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Accounts receivable Building and equipment Cash Interest receivable Debit 674 Credit 932 56 46 Inventory Land 34 154 Notes receivable (long-term) 489 Prepaid rent 25 Supplies Trademark Accounts payable Accumulated depreciation Additional paid-in capital Dividends payable Common stock (at par) Income tax payable Notes payable (long-term) 13 50 606 61 482 30 18 50 884 Retained earnings 315 Deferred revenue TOTALS 27 2, 473 2, 473 What would Symphony report as total current assets? Multiple Choice $888 millions. $1,721 millions. $848 millions. $863 millions.
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