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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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