Q28 Listed below are year-end account balances ($ in millions) taken from the records of Symphony...
Q28 Listed below are year-end account balances ($ in millions)
taken from the records of Symphony Stores.
| Debit | Credit | |||
| Accounts receivable | 663 | |||
| Building and equipment | 932 | |||
| Cash | 54 | |||
| Interest receivable | 39 | |||
| Inventory | 32 | |||
| Land | 164 | |||
| Notes receivable (long-term) | 470 | |||
| Prepaid rent | 25 | |||
| Supplies | 12 | |||
| Trademark | 43 | |||
| Accounts payable | 631 | |||
| Accumulated depreciation | 78 | |||
| Additional paid-in capital | 484 | |||
| Dividends payable | 28 | |||
| Common stock (at par) | 16 | |||
| Income tax payable | 52 | |||
| Notes payable (long-term) | 813 | |||
| Retained earnings | 309 | |||
| Deferred revenue | 23 | |||
| TOTALS | 2,434 | 2,434 | ||
What would Symphony report as total current assets?
rev: 10_03_2019_QC_CS-183825
Multiple Choice
-
$825 millions.
-
$840 millions.
-
$865 millions.
-
$1,698 millions.
Homework Answers
Answer- Symphony would report as total current assets = $825 million.
Explanation- Total current assets =Accounts receivable + Cash+ Interest receivable+ Inventory+ Prepaid rent+ Supplies
= $663+$54+$39+$32+$25+$12
= $825 millions
Add Answer to:
Q28 Listed below are year-end account balances ($ in millions)
taken from the records of Symphony...
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores....
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable-trade 695 Building and equipment 920 Cash-checking 47 Interest receivable 34 Inventory 31 Land 161 Notes receivable (long-term) 479 Petty cash fund 10 Prepaid rent 30 Supplies 9 Trademark 59 Accounts payable-trade 630 Accumulated depreciation 78 Additional paid-in capital 473 Allowance for uncollectible accounts 16 Cash dividends payable 30 Common stock, at par 11 Income tax payable 59 Notes payable (long-term)...
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores....
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 679 Building and equipment 922 Cash 50 Interest receivable 34 Inventory 20 Land 161 Notes receivable (long-term) 499 Prepaid rent 37 Supplies 8 Trademark 42 Accounts payable 656 Accumulated depreciation 76 Additional paid-in capital 467 Dividends payable 29 Common stock (at par) 11 Income tax payable 57 Notes payable (long-term) 841 Retained earnings 294 Deferred revenue 21 TOTALS 2,452 2,452...
Listed below are year-end account balances ($ In millions) taken from the records of Symphony Stores....
Listed below are year-end account balances ($ In millions) taken from the records of Symphony Stores. 27 Debit Credit Accounts receivable 710 Building and equipment 920 Cash 39 3.34 Interest receivable 30 points Inventory 16 Land 150 8 00:59:15 Notes receivable (long-term) 450 Prepaid rent Supplies 20 Trademark 40 Accounts payable Accumulated depreciation Additional paid-in capital Dividends payable Common stock (at par) Income tax payable Notes payable (long-term) 560 80 485 30 15 65 800 Retained earnings 308 Deferred revenue...
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores....
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 676 Building and equipment 925 Cash 51 Interest receivable 49 Inventory 29 Land 168 Notes receivable (long-term) 459 Prepaid rent 36 Supplies 9 Trademark 60 Accounts payable 705 Accumulated depreciation 66 Additional paid-in capital 481 Dividends payable 24 Common stock (at par) 11 Income tax payable 59 Notes payable (long-term) 788 Retained earnings 302 Deferred revenue 26 TOTALS 2,462 2,462...
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores....
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Credit Accounts receivable Building and equipment Cash Inventory Land Notes receivable (long-term) Prepaid rent Supplies Trademark Accounts payable Accumulated depreciation Salaries payable Common stock Income tax payable Notes payable (long-term) Retained earnings Deferred revenue Debit 712 920 48 51 150 450 24 10 40 590 80 21 500 74 800 308 32 Symphony's total current assets would be: (Do not add dollar sign do...
1/ Listed below are year-end account balances ($ in millions) taken from the records of Symphony...
1/ Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable-trade 691 Building and equipment 939 Cash-checking 39 Interest receivable 42 Inventory 32 Land 155 Notes receivable (long-term) 493 Petty cash fund 7 Prepaid rent 35 Supplies 9 Trademark 49 Accounts payable-trade 672 Accumulated depreciation 60 Additional paid-in capital 471 Allowance for uncollectible accounts 18 Cash dividends payable 23 Common stock, at par 13 Income tax payable 56 Notes payable...
What would Symphony report as total shareholders' equity? Listed below are year-end account balances ($ in...
What would Symphony report as total shareholders'
equity?
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Credit Debit 678 925 46 38 36 157 472 10 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 TOTALS 627 68 474 29 11...
What would Symphony report as total assets? Listed below are year-end account balances ($ in millions)...
What would Symphony report as total assets?
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Credit Debit 666 939 59 34 32 152 488 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 708 63 480 13 54 811 287 27...
Quiz 1 A Saved Listed below are year-end account balances ($ In millions) taken from the...
Quiz 1 A Saved Listed below are year-end account balances ($ In millions) taken from the records of Symphony Stores. 30 Credit Debit 674 923 42 3.34 points 8 00:24:36 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 TOTALS 644 61 474 20 852 312 2,454 2,454 What...
Is the correct answer 808 million? Listed below are year-end account balances ($ in millions) taken...
Is the correct answer 808
million?
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores Debit Credit 710 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 TOTALS 560 80 485 30 800 308 2,383 2,383 What would Symphony report as total...
Listed below are year-end account balances ($ In millions) taken from the records of Symphony Stores. 27 Debit Credit Accounts receivable 710 Building and equipment 920 Cash 39 3.34 Interest receivable 30 points Inventory 16 Land 150 8 00:59:15 Notes receivable (long-term) 450 Prepaid rent Supplies 20 Trademark 40 Accounts payable Accumulated depreciation Additional paid-in capital Dividends payable Common stock (at par) Income tax payable Notes payable (long-term) 560 80 485 30 15 65 800 Retained earnings 308 Deferred revenue...
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Credit Accounts receivable Building and equipment Cash Inventory Land Notes receivable (long-term) Prepaid rent Supplies Trademark Accounts payable Accumulated depreciation Salaries payable Common stock Income tax payable Notes payable (long-term) Retained earnings Deferred revenue Debit 712 920 48 51 150 450 24 10 40 590 80 21 500 74 800 308 32 Symphony's total current assets would be: (Do not add dollar sign do...
What would Symphony report as total shareholders'
equity?
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Credit Debit 678 925 46 38 36 157 472 10 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 TOTALS 627 68 474 29 11...
What would Symphony report as total assets?
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Credit Debit 666 939 59 34 32 152 488 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 708 63 480 13 54 811 287 27...
Quiz 1 A Saved Listed below are year-end account balances ($ In millions) taken from the records of Symphony Stores. 30 Credit Debit 674 923 42 3.34 points 8 00:24:36 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 TOTALS 644 61 474 20 852 312 2,454 2,454 What...
Is the correct answer 808
million?
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores Debit Credit 710 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 TOTALS 560 80 485 30 800 308 2,383 2,383 What would Symphony report as total...
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