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Listed below are year-end account balances ($ in millions) taken from the records of Green Grass Stores. Debit Credit Accounts receivable 669 Building and equipment
Listed below are year-end account balances ($ in millions) taken from the records of Green Grass Stores.
Debit | Credit | |||
Accounts receivable | 669 | |||
Building and equipment | 935 | |||
Cash | 44 | |||
Interest receivable | 45 | |||
Inventory | 22 | |||
Land | 159 | |||
Notes receivable (long-term) | 475 | |||
Prepaid rent | 35 | |||
Supplies | 12 | |||
Trademark | 52 | |||
Accounts payable | 677 | |||
Accumulated depreciation | 79 | |||
Additional paid-in capital | 480 | |||
Dividends payable | 21 | |||
Common stock (at par) | 12 | |||
Income tax payable | 50 | |||
Notes payable (long-term) | 800 | |||
Retained earnings | 300 | |||
Deferred revenue | 29 | |||
TOTALS | 2,448 | 2,448 | ||
hat would Green Grass stores report as total assets?
rev: 09_26_2019_QC_CS-182332
Multiple Choice
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$2,369 millions.
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$2,453 millions.
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$1,550 millions.
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$2,374 millions.
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