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?
- $1,680,000
- $1,720,000
- $1,780,000
- $1,820,000