Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 670 Building and equipment 938 Cash 40 Interest receivable 37 Inventory 21 Land 153 Notes receivable (long-term) 460 Prepaid rent 21 Supplies 12 Trademark 44 Accounts payable 587 Accumulated depreciation 62 Additional paid-in capital 476 Dividends payable 25 Common stock (at par) 18 Income tax payable 56 Notes payable (long-term) 827 Retained earnings 316 Deferred revenue 29 TOTALS 2,396 2,396 What would Symphony report as total current assets

In general, as long as the number of firms that possess a particular valuable resource or capability is less than the number of firms needed to generate perfect competition dynamics in an industry, that resource or capability can be considered and a potential source of competitive advantage.answers: valuablerareinimitableun-substitutable

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Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?