Zelienople Co A)5,000
B)200,000

question 127

Multiple Choice

Zelienople Co.reported the following information at December 31,2017: The number of shares of common stock issued is
$\begin{array}{lr}\text { Preferred stock, } \$ 10 \text { par, } 5,000 \text { shares authorized, cumulative } & \$ 50,000 \\\text { Common stock, } \$ 1 \text { par, } 500,000 \text { shares authorized } & 200,000 \\\text { Additional paid-in capital—common } & 25,000 \\\text { Retained earnings } & \underline{ 75,000 }\\\text { Total contributed capital and retained earnings } & \$ 350,000 \\\text { Less: Treasury stock (400 shares at cost) } & \underline{ 5,000 }\\\text { Total stockholders' equity } & \underline{ \$ 345,000}\end{array}$

• A)5,000.
• B)200,000.
• C)500,000.
• D)550,000.

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