Question: The following partial information is taken from the comparative balance sheet of Levi Corporation 12/31/2021 12/31/2020 Shareholders' equity Common stock, $5 par; 23 million shares

The following partial information is taken from the comparative balance sheet of Levi Corporation 12/31/2021 12/31/2020 Shareholders' equity Common stock, $5 par; 23 million shares authorized; 18 million shares issued and 15 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, 3 million shares at 12/31/2021 and 1 million shares at 12/31/2020 Total shareholders' equity $ 90 million 523 million 200 million $ 75 million 398 million 160 million (75 million) $738 million (53 million) $580 million What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2021? Multiple Choice $5 per share $60 per share Cannot be determined from the given information $47 per share
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