Question
Zone Corporations December 31, 2020 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 20,000 shares authorized; 17,000 shares issued $ 340,000
Zone Corporations December 31, 2020 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 20,000 shares authorized; 17,000 shares issued $ 340,000 Common stock, $10 par value, 2,000,000 shares authorized; 1,900,000 shares issued, 1,880,000 shares outstanding $19,000,000 Paid-in capital in excess of parpreferred stock $ 68,000 Paid-in capital in excess of parcommon stock $27,000,000 Retained earnings $ 7,500,000 Treasury stock (20,000 shares) $ 700,000 Zones total stockholders equity was Group of answer choices $53,908,000. $54,608,000. $53,840,000. $53,208,000.
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