11 Debit Credit Accounts receivable-trade 686 Building and equipment 925 Cash-checking 38 Interest receivable 47 & 01:42:42 Inventory 35 Land 163 Notes receivable (long-term) 490 Petty cash fund 8 Prepaid rent 26 Supplies 13 Trademark Accounts payable-trade 54 615 Accumulated depreciation Additional paid-in capital Allowance for uncollectible accounts Cash dividends payable Common stock, at par 72 477 15 29 13 Income tax payable Notes payable (long-term) 45 874 Retained earnings 316 Deferred revenues TOTALS 29 2,485 2,485 What would Symphony report as total current assets? Multiple Choice $853 millions. O $845 millions. О $1,667 millions. $838 millions.

11 Debit Credit Accounts receivable-trade 686 Building and equipment 925 Cash-checking 38 Interest receivable 47 & 01:42:42 Inventory 35 Land 163 Notes receivable (long-term) 490 Petty cash fund 8 Prepaid rent 26 Supplies 13 Trademark Accounts payable-trade 54 615 Accumulated depreciation Additional paid-in capital Allowance for uncollectible accounts Cash dividends payable Common stock, at par 72 477 15 29 13 Income tax payable Notes payable (long-term) 45 874 Retained earnings 316 Deferred revenues TOTALS 29 2,485 2,485 What would Symphony report as total current assets? Multiple Choice $853 millions. O $845 millions. О $1,667 millions. $838 millions.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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