Zelienople Co. reported the following information at December 31, 2016: Preferred stock, $10 par, 5,000 shares authorized, cumulative $ 50,000 Common stock, $1 par, 500,000 shares authorized  200,000 Additional paid-in capital—Common  25,000 Retained earnings  75,000 Total contributed capital and retained earnings  $350,000 Less: Treasury stock (400 shares at cost) 5,000 Total stockholders' equity  $345,000 The number of shares of common stock issued is a. 5,000. b. 200,000. c. 500,000. d. 550,000.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Zelienople Co. reported the following information at December 31, 2016: Preferred stock, $10 par, 5,000 shares authorized, cumulative $ 50,000

Common stock, $1 par, 500,000 shares authorized  200,000

Additional paid-in capital—Common  25,000

Retained earnings  75,000

Total contributed capital and retained earnings  $350,000

Less: Treasury stock (400 shares at cost) 5,000

Total stockholders' equity  $345,000

The number of shares of common stock issued is
a. 5,000.

b. 200,000.

c. 500,000.

d. 550,000.

 

 

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