Marla Corporations ledger includes the following selected ac

Marla Corporation\'s ledger includes the following selected account balances at December 31, 201 Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenu Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable 560,0 820, 55,000 75,00 300,0 100, reasury Stock, Lommon, 36,000 shares ccounts Payable Preferred Stock, 1296 $100 par value, 4,000 shares issued Bonds Payable, 14% Common Stock, $1 par value, 240,000 shares issued The number of common shares outstanding at December 31, 2012 would be: 80,000 40,000 120, 400,0 900,0 240, 240,000. 204,000. 200,000. O276,000. O none of the above.

Solution

Correct answer is option b.204,000

Calculation of No.of common shares outstanding at 31.12.2012

Ccommon shares outstanding at 31.12.2012= Total No.of shares issued - Treasury stock

=240,000-36,000

=204,000