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Find what amount should zinc report as total equity

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Reference no: EM132740897

Zinc Co.'s adjusted trial balance at December 31, Year 6, includes the following account balances:

Common stock, $3 par $600,000

Additional paid-in capital 800,000

Treasury stock, at cost 50,000

Net unrealized holding loss on

available-for-sale securities 20,000

Retained earnings: Appropriated for

uninsured earthquake losses 150,000

Retained earnings: Unappropriated 200,000

Problem 1: What amount should Zinc report as total equity in its December 31, Year 6, balance sheet?

A. $1,680,000

B. $1,720,000

C. $1,780,000

D. $1,820,000

Reference no: EM132740897

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