The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity...
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The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common stock, $5 par; 26 million shares authorized; 21 million shares issued and 17 million shares outstanding at 12/31/2021; and million shares issued and _shares outstanding at 12/31/2020. Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 4 million shares at 12/31/2021 and 2 million shares at 12/31/2020 Total shareholders' equity How many of Levi's common shares were outstanding on 12/31/2020? Multiple Choice 22 million. 17 million. 15 million. None of these answer choices are correct. 12/31/2021 $105 million 526 million 203 million (78 million) $756 million 12/31/2020 $85 million 398 million 163 million (56 million) $590 million The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common stock, $5 par; 37 million shares authorized; 32 million shares issued and 27 million shares outstanding at 12/31/2021; and million shares issued and _shares outstanding at 12/31/2020. Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 5 million shares at 12/31/2021 and 3 million shares at 12/31/2020 Total shareholders' equity Multiple Choice $5 per share. $30 per share. $43 per share. 12/31/2021 Cannot be determined from the given information. $160 million 524 million 191 million What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2021? (66 million) $809 million 12/31/2020 $135 million 400 million 161 million (44 million) $652 million The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common stock, $5 par; 26 million shares authorized; 21 million shares issued and 17 million shares outstanding at 12/31/2021; and million shares issued and _shares outstanding at 12/31/2020. Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 4 million shares at 12/31/2021 and 2 million shares at 12/31/2020 Total shareholders' equity How many of Levi's common shares were outstanding on 12/31/2020? Multiple Choice 22 million. 17 million. 15 million. None of these answer choices are correct. 12/31/2021 $105 million 526 million 203 million (78 million) $756 million 12/31/2020 $85 million 398 million 163 million (56 million) $590 million The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common stock, $5 par; 37 million shares authorized; 32 million shares issued and 27 million shares outstanding at 12/31/2021; and million shares issued and _shares outstanding at 12/31/2020. Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 5 million shares at 12/31/2021 and 3 million shares at 12/31/2020 Total shareholders' equity Multiple Choice $5 per share. $30 per share. $43 per share. 12/31/2021 Cannot be determined from the given information. $160 million 524 million 191 million What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2021? (66 million) $809 million 12/31/2020 $135 million 400 million 161 million (44 million) $652 million
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Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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