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:

Question

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The total number of shares issued is $37,500 / $0.50 = 75,000 shares. Since there are 5,000 shares of treasury stock, the number of shares outstanding is 75,000 - 5,000 = 70,000 shares.

The Stockholders' Equity Accounts of Jamison Corporation Include $37,500 of Common