MC Qu. 23 LO 18-05 The following partial information is taken from the comparative balance...

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

Shareholders equity	12/31/2013	12/31/2012
Common stock, $5 par value; 38 million shares authorized; 33 million shares issued and 29 million shares outstanding at 12/31/2013; and ____million shares issued and ____shares outstanding at 12/31/2012.	$165 million	$145 million
Additional paid-in capital on common stock	525 million	397 million
Retained earnings	190 million	162 million
Treasury common stock, at cost, 4 million shares at 12/31/2013 and 2 million shares at 12/31/2012	(65 million)	(43 million)
Total shareholders equity	$815 million	$661 million

How many of Levi's common shares were outstanding on 12/31/2012?

rev: 08_09_2013_QC_33612, 10_24_2014_QC_57354

27 million

29 million

None of these is correct.

34 million