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The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders equity 12/31/2013 12/31/2012 Common stock, $5 par value; 28 million
The following partial information is taken from the comparative balance sheet of Levi Corporation:
Shareholders equity | 12/31/2013 | 12/31/2012 |
Common stock, $5 par value; 28 million shares authorized; 23 million shares issued and 17 million shares outstanding at 12/31/2013; and ____million shares issued and ____shares outstanding at 12/31/2012. | $115 million | $85 million |
Additional paid-in capital on common stock | 528 million | 400 million |
Retained earnings | 205 million | 165 million |
Treasury common stock, at cost, 6 million shares at 12/31/2013 and 4 million shares at 12/31/2012 | (80 million) | (58 million) |
Total shareholders equity | $768 million | $592 million |
How many of Levi's common shares were outstanding on 12/31/2012?
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