Question
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders equity 12/31/2021 12/31/2020 Common stock, $5 par; 22 million shares
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders equity 12/31/2021 12/31/2020 Common stock, $5 par; 22 million shares authorized; 17 million shares issued and 13 million shares outstanding at 12/31/2021; and ____million shares issued and ____shares outstanding at 12/31/2020. $ 85 million $ 65 million Additional paid-in capital on common stock 522 million 394 million Retained earnings 199 million 159 million Treasury common stock, at cost, 4 million shares at 12/31/2021 and 2 million shares at 12/31/2020 (74 million) (52 million) Total shareholders equity $ 732 million $ 566 million How many of Levi's common shares were outstanding on 12/31/2020?
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11 million.
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18 million.
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None of these answer choices are correct.
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13 million.
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