Zelienople Co.reported the following information at December 31,2017: The number of shares of common stock issued is
$\begin{array}{lr}
\text { Preferred stock, } \$ 10 \text { par, } 5,000 \text { shares authorized, cumulative } & \$ 50,000 \
\text { Common stock, } \$ 1 \text { par, } 500,000 \text { shares authorized } & 200,000 \
\text { Additional paid-in capital—common } & 25,000 \
\text { Retained earnings } & \underline{ 75,000 }\
\text { Total contributed capital and retained earnings } & \$ 350,000 \
\text { Less: Treasury stock (400 shares at cost) } & \underline{ 5,000 }\
\text { Total stockholders' equity } & \underline{ \$ 345,000}
\end{array}$

Question

Quizplus · Accepted Answer

The number of shares of common stock issued is 200,000, as indicated in the line "Common stock, $1 par, 500,000 shares authorized" with the amount $200,000, which represents the par value of the issued shares.

Zelienople Co A)5,000 B)200,000

Zelienople Co A)5,000
B)200,000