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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; 21 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; 21 million shares authorized; 16 million shares issued and 11 million shares outstanding at 12/31/2018; and ____million shares issued and ____shares outstanding at 12/31/2017. $ 80 million $ 55 million
Additional paid-in capital on common stock 521 million 393 million
Retained earnings 198 million 158 million
Treasury common stock, at cost, 5 million shares at 12/31/2018 and 3 million shares at 12/31/2017 (73 million) (51 million)
Total shareholders equity $ 726 million $ 555 million

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

Multiple Choice

  • 16 million.

  • None of these answer choices are correct.

  • 11 million.

  • 8 million.

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