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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 937
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores.
Debit | Credit | |||
Accounts receivable | 676 | |||
Building and equipment | 937 | |||
Cash | 57 | |||
Interest receivable | 47 | |||
Inventory | 35 | |||
Land | 161 | |||
Notes receivable (long-term) | 462 | |||
Prepaid rent | 36 | |||
Supplies | 13 | |||
Trademark | 58 | |||
Accounts payable | 684 | |||
Accumulated depreciation | 66 | |||
Additional paid-in capital | 474 | |||
Dividends payable | 23 | |||
Common stock (at par) | 10 | |||
Income tax payable | 63 | |||
Notes payable (long-term) | 841 | |||
Retained earnings | 288 | |||
Deferred revenue | 22 | |||
TOTALS | 2,490 | 2,490 | ||
What would Symphony report as total shareholders' equity?
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