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12/31/2020 The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common stock, $5 par; 37 million shares
12/31/2020 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. 12/31/2021 $160 million Additional paid-in capital on common stock 524 million Retained earnings 191 million $135 million 396 million 161 million Treasury common stock, at cost, 5 million shares at 12/31/2021 and 3 million shares at 12/31/2020 (66 million) Total shareholders' equity $809 million (44 million) $648 million How many of Levi's common shares were outstanding on 12/31/2020? Multiple Choice 32 million. 27 million. None of these answer choices are correct. 24 million.
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