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Listed below are year-end account balances ($ in millions) taken from the records of Poe Dameron's Pilot School. Debit Credit Accounts receivable 668 Building and equipment 922 Cash 40 Interest receivable 38 Inventory 19 Land 153 Notes receivable (long-term) 475 Prepaid rent 36 Supplies 11 Trademark 46 Accounts payable 615 Accumulated depreciation 74 Additional paid-in capital 481 Dividends payable 30 Common stock (at par) 13 Income tax payable 49 Notes payable (long-term) 811 Retained earnings 313 Deferred revenue 22 TOTALS 2,408 2,408 What would Poe Dameron's Pilot School report as total assets

User NSTuttle
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1 Answer

7 votes

Answer:

$812

Step-by-step explanation:

Current assets:

Details Amount

Account receivable $668

Cash $40

Interest Receivable $38

Inventory $19

Prepaid rent $36

Supplies $11

Total Assets $812

User John Marston
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