On January 3,20X9,Pine Company Acquired 75 Percent of Sap Company's

Multiple Choice

On January 3,20X9,Pine Company acquired 75 percent of Sap Company's outstanding common stock for cash.The fair value of the noncontrolling interest was equal to a proportionate share of the book value of Sap Company's net assets at the date of acquisition.Selected balance sheet data at December 31,20X9,are as follows:

-Based on the preceding information,what amount will Pine Company report as common stock outstanding in its consolidated balance sheet at December 31,20X9?

A) $120,000
B) $180,000
C) $156,000
D) $264,000