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What would Symphony report as total shareholders' equity? Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Credit
What would Symphony report as total shareholders' equity?
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Credit Debit 678 925 46 38 36 157 472 10 Accounts receivable Building and equipment Cash Interest receivable Inventory Land Notes receivable (long-term) Prepaid rent Supplies Trademark Accounts payable Accumulated depreciation Additional paid-in capital Dividends payable Common stock (at par) Income tax payable Notes payable (long-term) Retained earnings Deferred revenue TOTALS 627 68 474 29 11 56 835 326 27 2,453 2,453 What would Symphony report as total shareholders' equity? Multiple Choice $840 millions. o $811 millions. o $782 millions. o o $1,646 millions
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