The stockholders' equity accounts of Jamison Corporation include $37,500 of common stock with a par value of $0.50, and 5,000 shares of treasury stock with a total cost of $25,000. The total number of shares outstanding for Jamison Corporation are:

A) 32,500 shares.
B) 70,000 shares.
C) 75,000 shares.
D) 80,000 shares.


B

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Answer the following statement true (T) or false (F)

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