Listed below are year-end account balances ($ in millions) taken from the records of Symphony...
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Accounting
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit 675 921 42 48 25 163 458 31 9 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 40 655 62 481 24 13 45 823 283 26 2,412 TOTALS 2,412 What would Symphony report as total shareholders' equity? What would Symphony report as total shareholders' equity? Multiple Choice $753 millions $777 millions $801 millions. $1,600 millions
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