The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common

The following partial information is taken from the comparative balance sheet of Levi Corporation:

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Shareholders' equity Common stock, $5 par; 20 million shares authorized; 15 million shares issued and 9 million shares outstanding at 12/31/2018; and million shares issued and shares outstanding at 12/31/2017. Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 6 million shares at 12/31/2018 and 4 million shares at 12/31/2017 Total shareholders' equity $ 720 million 1. A. How many of Levi's common shares were outstanding on 12/31/2017? a.14 million. b.9 million. c.5 million. 12/31/2018 $ 75 million 520 million 197 million (72 million) 12/31/2017 $ 45 million 392 million 157 million (50 million) $ 544 million d.None of these answer choices are correct. B. What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2018? $5 per share. $26 per share. $39 per share. Cannot be determined from the given information. C. What was the average price of the additional treasury shares purchased by Levi during 2018? $11 per share. $12 per share. $12.50 per share. None of these answer choices are correct. Shareholders' equity Common stock, $5 par; 20 million shares authorized; 15 million shares issued and 9 million shares outstanding at 12/31/2018; and million shares issued and shares outstanding at 12/31/2017. Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 6 million shares at 12/31/2018 and 4 million shares at 12/31/2017 Total shareholders' equity $ 720 million 1. A. How many of Levi's common shares were outstanding on 12/31/2017? a.14 million. b.9 million. c.5 million. 12/31/2018 $ 75 million 520 million 197 million (72 million) 12/31/2017 $ 45 million 392 million 157 million (50 million) $ 544 million d.None of these answer choices are correct. B. What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2018? $5 per share. $26 per share. $39 per share. Cannot be determined from the given information. C. What was the average price of the additional treasury shares purchased by Levi during 2018? $11 per share. $12 per share. $12.50 per share. None of these answer choices are correct.

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1 Number of Common shares issued 455 9 million A Num... View the full answer