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Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Credit Debit 673 923 55 31 29 164 463
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Credit Debit 673 923 55 31 29 164 463 35 8 57 Accounts receivable Building and equipment Cash Interest receivable Inventory Land Notes receivable (long-term) Prepaid rent Supplies Trademark Accounts payable Accumulated depreciation Additional paid-in capital Dividends payable Common stock (at par) Income tax payable Notes payable (long-term) Retained earnings Deferred revenue TOTALS 668 77 472 26 11 62 814 285 23 2,438 2,438 What would Symphony report as total shareholders' equity? Multiple Choice $794 millions. $1,582 millions $768 millions. $742 millions
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