Listed below are year-end account balances ($ in millions) taken from the records of Kingsley Enterprises.

	Debit		Credit
Accounts receivable	670
Building and equipment	938
Cash	49
Interest receivable	49
Inventory	31
Land	161
Notes receivable (long-term)	479
Prepaid rent	29
Supplies	9
Trademark	47
Accounts payable			692
Accumulated depreciation			67
Additional paid-in capital			473
Dividends payable			26
Common stock (at par)			15
Income tax payable			53
Notes payable (long-term)			817
Retained earnings			296
Deferred revenue			23
TOTALS	2,462		2,462

What would Kingsley report as total assets?

rev: 09_26_2019_QC_CS-182332

Multiple Choice

• $2,405 millions.

• $2,395 millions.

• $1,560 millions.

• $2,472 millions.