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The following partial information is taken from the comparative balance sheet of Levi Corporation: 12/31/2021 12/31/2020 Shareholders' equity Common stock, $5 par; 28 million shares
The following partial information is taken from the comparative balance sheet of Levi Corporation: 12/31/2021 12/31/2020 Shareholders' equity Common stock, $5 par; 28 million shares authorized; 23 million shares issued and 17 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 Retained earnings Treasury common stock, at cost, 6 million shares at 12/31/2021 and 4 million shares at 12/31/2020 Total shareholders' equity $115 million 528 million 205 million $ 85 million 395 million 165 million (80 million) $768 million (58 million) $587 million What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2021? Multiple Choice $5 per share. O $ $27 per share. 0 $40 per share. Cannot be determined from the given information
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