Walton Corporation Shows the Following in the Stockholders' Equity Section

Multiple Choice

Walton Corporation shows the following in the stockholders' equity section of its balance sheet: The stated value of its common stock is $0.50 and the total balance in the common stock account is $37,500.Also noted is that 5,000 shares are currently designated as treasury stock.The number of shares outstanding is

A) 80,000.
B) 75,000.
C) 72,500.
D) 70,000.