Question
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; 27 million
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; 27 million shares authorized; 22 million shares issued and 19 million shares outstanding at 12/31/2013; and ____million shares issued and ____shares outstanding at 12/31/2012. $110 million $95 million Additional paid-in capital on common stock 527 million 399 million Retained earnings 204 million 164 million Treasury common stock, at cost, 3 million shares at 12/31/2013 and 1 million shares at 12/31/2012 (79 million) (57 million) Total shareholders equity $762 million $601 million
How many of Levi's common shares were outstanding on 12/31/2012?
a- 24 million
b 19 million
c 18 million
d None of these is correct.
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