Question
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 678 Building and equipment 922
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 678 Building and equipment 922 Cash 57 Interest receivable 43 Inventory 30 Land 162 Notes receivable (long-term) 498 Prepaid rent 20 Supplies 11 Trademark 56 Accounts payable 652 Accumulated depreciation 62 Additional paid-in capital 472 Dividends payable 20 Common stock (at par) 11 Income tax payable 65 Notes payable (long-term) 860 Retained earnings 311 Deferred revenue 24 TOTALS 2,477 2,477 What is the amount of working capital for Symphony? rev: 10_03_2019_QC_CS-183825 Multiple Choice $78 millions. $35 millions. $67 millions. $93 millions.
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