Question
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 676 Building and equipment 921
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 676 Building and equipment 921 Cash 40 Interest receivable 43 Inventory 20 Land 155 Notes receivable (long-term) 453 Prepaid rent 26 Supplies 10 Trademark 56 Accounts payable 572 Accumulated depreciation 69 Additional paid-in capital 473 Dividends payable 24 Common stock (at par) 14 Income tax payable 56 Notes payable (long-term) 846 Retained earnings 318 Deferred revenue 28 TOTALS 2,400 2,400 What would Symphony report as total shareholders' equity? rev: 10_03_2019_QC_CS-183825 Multiple Choice $1,651 millions. $781 millions. $829 millions. $805 millions. PrevQuestion 13 of 40 Total13 of 40Visit question mapNext
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