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Q28 Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 663 Building and equipment
Q28 Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores.
Debit | Credit | |||
Accounts receivable | 663 | |||
Building and equipment | 932 | |||
Cash | 54 | |||
Interest receivable | 39 | |||
Inventory | 32 | |||
Land | 164 | |||
Notes receivable (long-term) | 470 | |||
Prepaid rent | 25 | |||
Supplies | 12 | |||
Trademark | 43 | |||
Accounts payable | 631 | |||
Accumulated depreciation | 78 | |||
Additional paid-in capital | 484 | |||
Dividends payable | 28 | |||
Common stock (at par) | 16 | |||
Income tax payable | 52 | |||
Notes payable (long-term) | 813 | |||
Retained earnings | 309 | |||
Deferred revenue | 23 | |||
TOTALS | 2,434 | 2,434 | ||
What would Symphony report as total current assets?
rev: 10_03_2019_QC_CS-183825
Multiple Choice
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$825 millions.
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$840 millions.
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$865 millions.
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$1,698 millions.
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