Question
he following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders equity 12/31/2018 12/31/2017 Common stock, $5 par; 35 million shares
he following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders equity 12/31/2018 12/31/2017 Common stock, $5 par; 35 million shares authorized; 30 million shares issued and 27 million shares outstanding at 12/31/2018; and ____million shares issued and ____shares outstanding at 12/31/2017. $ 150 million $ 135 million Additional paid-in capital on common stock 522 million 391 million Retained earnings 193 million 159 million Treasury common stock, at cost, 3 million shares at 12/31/2018 and 1 million shares at 12/31/2017 (68 million) (46 million) Total shareholders equity $ 797 million $ 639 million What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2018?
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