Question: Listed below are year - end account balances ( $ in millions ) taken from the records of Symphony Stores. Debit Credit Accounts receivable $

Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores.
Debit Credit
Accounts receivable $ 661
Building and equipment 932
Cash 57
Interest receivable 42
Inventory 30
Land 168
Notes receivable (long-term)475
Prepaid rent 24
Supplies 13
Trademark 52
Accounts payable $ 676
Accumulated depreciation 71
Additional paid-in capital 471
Dividends payable 29
Common stock (at par)12
Income tax payable 55
Notes payable (long-term)804
Retained earnings 297
Deferred revenue 39
TOTALS $ 2,454 $ 2,454
What would Symphony report as total assets?
Multiple Choice
$2,391 million
$1,563 million
$2,462 million
$2,383 million

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