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.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:40, Jasten

Bear, inc. estimates its sales at 200,000 units in the first quarter and that sales will increase by 20,000 units each quarter over the year. they have, and desire, a 25% ending inventory of finished goods. each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. the remainder is received in the quarter following sale. cash collections for the third quarter are budgeted at

Answers: 3

continue

Business, 22.06.2019 11:40, thedarcieisabelleand

Select the correct answer. which is a benefit of planning for your future career? a. being less prepared after high school. b. having higher tuition in college. c. earning college credits in high school. d. ruining your chances of having a successful career.

Answers: 2

continue

Business, 22.06.2019 17:20, shakira11harvey6

Andy owns islander surfboard inc. in the past, andy has always given his employees bonuses during the holidays if they reached certain sales goals. this year, even though the company is thriving, he decided to cut bonuses from employees and award them to himself instead. what ethical theory of leadership is andy following?

Answers: 1

continue

Business, 22.06.2019 19:40, madisynk78

Adistinguishing feature of ecological economics is the concept of cost-benefit analysis steady-state economies that, like natural systems, neither grow nor shrink environmental damage and also environmental benefits are external greenwashing to increase public acceptance of products the only healthy economy is one that is growing

Answers: 1

continue

Do you know the correct answer?

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