The following partial information is taken from the comparative balance sheet of Levi Corporation:

Shareholders equity	12/31/2024		12/31/2023
Common stock, $5 par; 35 million shares authorized; 30 million shares issued and 27 million shares outstanding at 12/31/2024; and _____________blank million shares issued and _____________blank shares outstanding at 12/31/2023.	$ 150	million	$ 135	million
Additional paid-in capital on common stock	522	million	391	million
Retained earnings	193	million	159	million
Treasury common stock, at cost, 3 million shares at 12/31/2024 and 1 million shares at 12/31/2023	(68	million)	(46	million)
Total shareholders equity	$ 797	million	$ 639	million

What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2024?

The following partial information is taken from the comparative balance sheet of Levi Corporation:

Shareholders equity	12/31/2024		12/31/2023
Common stock, $5 par; 38 million shares authorized; 33 million shares issued and 27 million shares outstanding at 12/31/2024; and _____________blank million shares issued and _____________blank shares outstanding at 12/31/2023.	$ 165	million	$ 135	million
Additional paid-in capital on common stock	525	million	402	million
Retained earnings	190	million	162	million
Treasury common stock, at cost, 6 million shares at 12/31/2024 and 4 million shares at 12/31/2023	(81	million)	(49	million)
Total shareholders equity	$ 799	million	$ 650	million

What was the average price of the additional treasury shares purchased by Levi during 2024?

The corporate charter of Kunkel Company authorized the issuance of 19 million, $1 par common shares. During 2024, its first year of operations, Kunkel had the following transactions:

January 1	Sold 4 million shares at $24 per share
June 3	Purchased 11 million shares of treasury stock at $27 per share
December 28	Sold the 2 million shares of treasury stock at $29 per share

What amount should Kunkel report as additional paid-in capital in its December 31, 2024, balance sheet?

Johnny Deng, Incorporated initially issued 320,000 shares of $1 par stock for $1,600,000 in 2022. In 2023, the company repurchased 32,000 shares for $320,000. In 2024, 16,000 of the repurchased shares were resold for $256,000. In its balance sheet dated December 31, 2024, Johnny Deng, Incorporated's treasury stock account shows a balance of:

C. Worthy Ships initially issued 460,000 shares of $1 par stock for $2,300,000 in 2024. In 2026, the company repurchased 46,000 shares for $460,000. In 2027, 23,000 of the repurchased shares were resold for $368,000. In its balance sheet dated December 31, 2027, C. Worthy's treasury stock account shows a balance of:

As of December 31, 2024, Yan Xiong Corporation reported the following:

Cash dividends payable	$ 32,000
Treasury stock	720,000
Paid-in capitalshare repurchase	32,000
Common stock and other paid-in capital accounts	5,200,000
Retained earnings	4,200,000

During 2025, half of the treasury stock was resold for $264,000; net income was $720,000; cash dividends declared were $1,620,000; and stock dividends declared were $620,000.

The 2025 sale of half of the treasury stock would:

The shareholders' equity section of Time Company's comparative balance sheets for the years ended December 31, 2024 and 2023, reported the following data:

	($ in millions)
	2024	2023
Common stock, $1 par per share	$ 624	$ 606
Paid-in capitalexcess of par	360	306
Retained earnings	640	606

During 2024, Time declared and paid cash dividends of $96 million. The company also declared and issued a small stock dividend. No other changes occurred in shares outstanding during 2024. What was Time's net income for 2024?