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The 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; 25 million shares

The 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; 25 million shares authorized; 20 million shares issued and 15 million shares outstanding at 12/31/2018; and ____million shares issued and ____shares outstanding at 12/31/2017. $ 100 million $ 75 million
Additional paid-in capital on common stock 525 million 397 million
Retained earnings 202 million 162 million
Treasury common stock, at cost, 5 million shares at 12/31/2018 and 3 million shares at 12/31/2017 (77 million) (55 million)
Total shareholders equity $ 750 million $ 579 million

How many of Levi's common shares were outstanding on 12/31/2017?

Multiple Choice

20 million.

15 million.

12 million.

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