Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 08 Aug 2017 My Price 7.00

Zinc report

Zinc Co.’s adjusted trial balance at December 31, 2006, includes the following account balances:

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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, 2006 balance sheet?

  1. $1,680,000
  2. $1,720,000
  3. $1,780,000
  4. $1,820,000

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Aug 2017 02:08 PM My Price 7.00

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