Business, 26.02.2020 04:58 Felicitybuckman

Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores.
Debit Credit
Accounts receivable 676
Building and equipment 931
Cash 40
Interest receivable 33
Inventory 25
Land 150
Notes receivable (long-term) 495
Prepaid rent 26
Supplies 12
Trademark 44
Accounts payable 563
Accumulated depreciation 76
Additional paid-in capital 483
Dividends payable 21
Common stock (at par) 19
Income tax payable 47
Notes payable (long-term) 889
Retained earnings 296
Deferred revenue 38
TOTALS 2,432 2,432

What would Symphony report as total current assets?

a) $827 millions. b) $812 millions. c) $1,685 millions. d) $852 millions.

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Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores...

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