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Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 676 Building and equipment
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 676 Building and equipment 932 Cash 54 Interest receivable 49 Inventory 29 Land 155 Notes receivable (long-term) 483 Prepaid rent 35 Supplies 9 Trademark 55 Accounts payable 716 Accumulated depreciation Additional paid-in capital 72 465 Dividends payable Common stock (at par) Income tax payable 23 20 46 Notes payable (long-term) Retained earnings Deferred revenue TOTALS 823 283 29 2,477 2,477 What would Symphony report as total current assets? Multiple Choice $867 millions. $1,725 millions. $892 millions. $852 millions.
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