Question: Zinc Co.s adjusted trial balance at December 31, 2011, includes the following account balances: Common stock, $3 par $600,000 Additional paid-in capital 800,000 Treasury stock,
Zinc Co.’s adjusted trial balance at December 31, 2011, includes the following account balances:
Common stock, $3 par $600,000 Additional paid-in capital 800,000 Treasury stock, at cost 50,000 Net unrealized loss on available-for-sale securities 20,000 Retained earnings: appropriated for uninsured earthquake losses 150,000 Retained earnings: unappropriated 200,000 What amount should Zinc report as total stockholders’ equity in its December 31, 2011 balance sheet?
a. $1,680,000
b. $1,720,000
c. $1,780,000
d. $1,820,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
