QUESTION 20 Marla Corporation\'s ledger includes the following selected account
ID: 2397354 • Letter: Q
Question
QUESTION 20 Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common 560 820 ash Unearned Revenu Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable 75 300 100 80,0 40 120 400 900 240 reasury Stock, Lommon, 36,000 shares ounts Payable Preferred Stock, 126 $100 par value, 4,000 shares issued Bonds Payable, 146 Common Stock, $1 par value, 240,000 shares issued The number of common shares outstanding at December 31, 2012 would be 240,000. 204,000. 200,000. O 276,000. none of the above.Explanation / Answer
Share outstanding: Shares outstanding is the number of common shares outstanding at the end of the year . Preference Shareholders are not consider for the common shares outstanding CALCUALATION OF THE NUMBER OF SHARES OUTSTANDING Given in last line Common stock , $ 1 par value , 240,000 shares issued So in above the 240,000 common shares outstanding Answer = Option 1 = $ 240,000