Listed below are year-end account balances ($ in millions) taken from the records of Symphony...
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Accounting
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable-trade 684 Building and equipment 930 Cash-checking 35 Interest receivable 42 Inventory 16 Land 155 Notes receivable (long-term) 457 Petty cash fund 7 Prepaid rent 28 Supplies 12 Trademark 58 Accounts payable-trade 613 Accumulated depreciation 63 Additional paid-in capital 477 Allowance for uncollectible accounts 19 Cash dividends payable 21 Common stock, at par 14 Income tax payable 64 Notes payable (long-term) 794 Retained earnings 320 Deferred revenues 39 TOTALS 2,424 2,424 What would Symphony report as total assets? Multiple Choice $1,548 millions. $2,361 millions. $2,424 millions. $2,342 millions. Next Visit question mapQuestion 1 of 20 Total 1 of 20 Prev
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