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The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders equity 12/31/2016 12/31/2015 Common stock, $5 par value; 34 million
The following partial information is taken from the comparative balance sheet of Levi Corporation: |
Shareholders equity | 12/31/2016 | 12/31/2015 |
Common stock, $5 par value; 34 million shares authorized; 29 million shares issued and 25 million shares outstanding at 12/31/2016; and ____million shares issued and ____shares outstanding at 12/31/2015. | $145 million | $125 million |
Additional paid-in capital on common stock | 521 million | 393 million |
Retained earnings | 194 million | 158 million |
Treasury common stock, at cost, 4 million shares at 12/31/2016 and 2 million shares at 12/31/2015 | (69 million) | (47 million) |
Total shareholders equity | $791 million | $629 million |
How many of Levi's common shares were outstanding on 12/31/2015? a) 30 million b) 25 million c) 23 million d) none of these answer choices is correct |
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