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Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Accounts receivable Debit 661 Credit Building and equipment
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Accounts receivable Debit 661 Credit Building and equipment 922 Cash 57 Interest receivable 46 Inventory 23 Land 152 Notes receivable (long-term) 458 Prepaid rent 31 Supplies 8 Trademark 59 Accounts payable 639 Accumulated depreciation 64 Additional paid-in capital 470 Dividends payable 21 Common stock (at par). 13 Income tax payable 52 Notes payable (long-term) 845 Retained earnings 290 Deferred revenue TOTALS 23 2,417 2,417 What would Symphony report as total shareholders' equity? Multiple Choice $752 millions. $794 millions. $773 millions. $1,618 millions.
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