Zelienople Co The Number of Shares of Common Stock Issued Is
A)

question 27

Multiple Choice

Zelienople Co.reported the following information at December 31, 2016: $\begin{array}{lr}\text { Preferred stock, } \$ 10 \text { par, } 5,000 \text { shares authorized, cumulative } & \$ 50,000 \\\text { Common stock, } \$ 1 \text { par, } 500,000 \text { shares authorized } & 200,000 \\\text { Additional paid-in capital-Common } & 25,000 \\\text { Retained earnings } & 75,000 \\\quad \text { Total contributed capital and retained eamings } & \$ 350,000 \\\text { Less: Treasury stock (400 shares at cost) } & 5,000 \\\hline \text { Total stockholders' equity } & \$ 345,000\end{array}$ 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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