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The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders equity 12/31/2018 12/31/2017 Common stock, $5 par; 27 million shares
The following partial information is taken from the comparative balance sheet of Levi Corporation:
Shareholders equity | 12/31/2018 | 12/31/2017 | ||||||
Common stock, $5 par; 27 million shares authorized; 22 million shares issued and 19 million shares outstanding at 12/31/2018; and ____million shares issued and ____shares outstanding at 12/31/2017. | $ | 110 | million | $ | 95 | million | ||
Additional paid-in capital on common stock | 527 | million | 399 | million | ||||
Retained earnings | 204 | million | 164 | million | ||||
Treasury common stock, at cost, 3 million shares at 12/31/2018 and 1 million shares at 12/31/2017 | (79 | million) | (57 | million) | ||||
Total shareholders equity | $ | 762 | million | $ | 601 | million | ||
How many of Levi's common shares were outstanding on 12/31/2017?
Multiple Choice
None of these answer choices are correct.
19 million.
24 million.
18 million.
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