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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
 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\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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