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Tok
Tok
11.11.2019 • 
Business

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; 20 million shares authorized; 15 million shares issuedand 9 million shares outstanding at 12/31/2018; and million shares issuedand shares outstanding at 12/31/2017. $ 75 million $ 45 million additional paid-in capital on common stock 520 million 392 million retained earnings 197 million 157 million treasury common stock, at cost, 6 million shares at 12/31/2018 and 4 millionshares at 12/31/2017 (72 million) (50 million) total shareholders’ equity $ 720 million $ 544 million 1. a. how many of levi's common shares were outstanding on 12/31/2017? a.14 million.b.9 million.c.5 million.d.none of these answer choices are correct.b. what was the average price (rounded to the nearest dollar) of the additional shares issued by levi in 2018? $5 per share.$26 per share.$39 per share.cannot be determined from the given information.c. what was the average price of the additional treasury shares purchased by levi during 2018? $11 per share.$12 per share.$12.50 per share.none of these answer choices are correct.

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