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The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common stock, $5 par; 32 million shares authorized; 27
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common stock, $5 par; 32 million shares authorized; 27 million shares issued and 21 million shares outstanding at 12/31/2021; and million shares issued and shares outstanding at 12/31/2020. Additional paid-in capital on common stock 12/31/2021 12/31/2020 $135 million 519 million Retained earnings 196 million $105 million 391 million 156 million Treasury common stock, at cost, 6 million shares at 12/31/2021 and 4 million shares at 12/31/2020 (71 million) (49 million) Total shareholders' equity $779 million $603 million How many of Levi's common shares were outstanding on 12/31/2020? 26 million. 21 million. 17 million. None of these answer choices are correct
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