On January 1,20X6,Power Company Acquired 80 Percent of Strong Company's

Multiple Choice

On January 1,20X6,Power Company acquired 80 percent of Strong Company's outstanding stock for cash.The fair value of the noncontrolling interest was equal to a proportionate share of the book value of Strong Company's net assets at the date of acquisition.Selected balance sheet data at December 31,20X6 are as follows:

-Based on the preceding information,what amount will Power Company report as common stock outstanding in its consolidated balance sheet at December 31,20X6?

A) $214,000
B) $150,000
C) $184,000
D) $230,000