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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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