HW CH2 & CH3

question 27

Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Credit Debit 677 933 59 50 28 158 476 27 11 55 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 691 60 485 23 14 52 808 313 28 2,474 2,474 What would Symphony report as total assets? Multiple Choice $1,587 millions. $2,423 millions. $2,483 millions. $2,414 millions