Assume the following information for Petra Sales Inc.: 
If Petra Sales purchases an additional 5,000 shares of treasury stock at $14 per share,what number of shares will be shown as issued and outstanding?
A) 175,000 issued; 180,000 outstanding
B) 195,000 issued; 180,000 outstanding
C) 200,000 issued; 175,000 outstanding
D) 200,000 issued; 180,000 outstanding
Correct Answer:
Verified
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