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The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common stock, $5 par; 31 million shares authorized;
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common stock, $5 par; 31 million shares authorized; 26 million shares issued and 23 million shares outstanding at 12/31/2024; and million shares issued and outstanding at 12/31/2023. Additional paid-in capital on common stock Retained earnings shares Treasury common stock, at cost, 3 million shares at 12/31/2024 and 1 million shares at 12/31/2023 Total shareholders' equity How many of Levi's common shares were outstanding on 12/31/2023? 12/31/2024 12/31/2023 $ 130 million 531 million 208 million (83 million) $ 786 million $ 115 million 403 million 168 million (61 million) $ 625 million Multiple Choice 28 million 23 million 22 million None of these answer choices are correct.
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