Zinc co.'s adjusted trial balance at december 31, 2017 includes the following account balances: common stock, $3 par $600,000additional paid-in capital 800,000treasury stock, at cost 50,000net unrealized loss on non-current marketable equity securities 20,000retained earnings: appropriated for uninsured earthquake losses 150,000retained earnings: unappropriated 200,000what amount should zinc report as total stockholders' equity in its december 31, 2017 balance sheet?

Stock holder's equity in 2017 is $1,680,000

Explanation:

Given:

Common stock = $600,000

Paid in capital = $800,000

Retained earnings = $350,000 that is (200,000 + 150,000)

Stock holders' account credited = 600,000 + 800,000 + 350,000

                                                      = $1,750,000

Treasury stock cost = $50,000

Unrealized loss on non-current marketable equity securities = $20,000

Total stockholders' account debited = 50,000 + 20,000

                                                             = $70,000

Balance of stockholders' equity as on 31 December 2017 = 1,750,000 - 70,000

                                                                                                = $1,680,000

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