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The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders equity 12/31/2021 12/31/2020 Common stock, $5 par; 40 million shares
The following partial information is taken from the comparative balance sheet of Levi Corporation:
Shareholders equity | 12/31/2021 | 12/31/2020 | ||||||
Common stock, $5 par; 40 million shares authorized; 35 million shares issued and 31 million shares outstanding at 12/31/2021; and ____ million shares issued and ____ shares outstanding at 12/31/2020. | $ | 175 | million | $ | 155 | million | ||
Additional paid-in capital on common stock | 527 | million | 401 | million | ||||
Retained earnings | 237 | million | 164 | million | ||||
Treasury common stock, at cost, 4 million shares at 12/31/2021 and 3 million shares at 12/31/2020 | (80 | million) | (33 | million) | ||||
Total shareholders equity | $ | 810 | million | $ | 687 | million | ||
What was the amount of Levis net income for the year 2021?
Multiple Choice
$0.
Cannot be determined from the given information.
$73 million.
$120 million.
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